Fingers Crossed and Breath Held

[micktim]

OMG - was at work this lunch when the radio news announced the Bank of England's unprecedented decision to cut interest base rate by 1.5% to 3% in an attempt to try to kick start public spending and revive the stalling economy

Comments

[pondside]

Wow, he posted lol

So, if it does drop -- can you lock in your mortgage?

[rdmaughan]

No. UK mortgages are mostly floating rate. In order to move to a fixed rate you need to remortgage which is really hard right now.

[bardling]

*hugs* Here's hoping it will help you, indeed.