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Cellular News  Apr 26  mortgage rates for tn 

Tracker mortgages: FSA warns lenders over 'interest rate collars ...
Dec 2, 2008 . Banks and building societies could be in hot water if they use small print to avoid passing on a likely interest rate cut.
http://www.guardian.co.uk/money/2008/dec/02/mortgages-banks

BBC News  Apr 21  total mortgage payment calculator 

Can I challenge a tracker mortgage collar or floor? | This is Money
Nov 9, 2010 . If I have a floor or collar on my tracker mortgage can I challenge it to make sure I benefit from bank rate cuts in full?
http://www.thisismoney.co.uk/money/experts/article-1648660/Can-I-challenge-tracker-mortgage-collar.html

Wall Street Journal  Apr 18  total mortgage defaults 

Tracker Mortgages Explained - Budgeting Money
Many tracker mortgages come with a “collar.” Your mortgage interest rate cannot fall below this amount. For example, if your tracker loan is tracking at 1.5 .
http://budgeting.thenest.com/tracker-mortgages-explained-4034.html

Benzinga  Apr 16  auto loans while in chapter 13 

What is a mortgage collar? - Mortgage Advice
Dec 18, 2008 . Tracker mortgages can still offer excellent rates, regardless of whether they carry a mortgage collar. They typically carry lower rates than .
http://www.thinkmoney.com/mortgage/what-is-a-mortgage-collar-0-1820.htm

guardian.co.uk  Mar 19  tracking credit card expenses 

Will you get trapped in a mortgage collar? - Telegraph
Nov 19, 2008 . Over 4m borrowers with tracker mortgages breathed a sigh of relief when . A collar, which stops the rate borrowers pay on a tracker from falling .
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/3482365/Will-you-get-trapped-in-a-mortgage-collar.html

WA Business News  Mar 7  total mortgage services complaints 

Mortgage 'collars' may be invalid, says FSA - Telegraph
Dec 3, 2008 . It comes amid a growing controversy about collars, which prevent tracker mortgages dropping below a certain level. The Financial Services .
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/3545827/Mortgage-collars-may-be-invalid-says-FSA.html

Sydney Morning Herald  Mar 7  tracker mortgages ireland 

Mortgage collars may be unenforceable, says FSA boss - Telegraph
Dec 3, 2008 . Some lenders apply "collars" to their tracker mortgages that prevent the interest rate paid by the borrower falling below a certain rate. Many of .
http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/3544437/Mortgage-collars-may-be-unenforceable-says-FSA-boss.html

BBC News  Feb 29  cuc mortgage corp 

What Is a Base Rate Tracker Mortgage? | eHow.com
In addition to variable rates and introductory offers, a potential issue with the tracker mortgage is the collar, which stipulates that the interest rate on a tracker .
http://www.ehow.com/info_8391088_base-rate-tracker-mortgage.html

Benzinga  Feb 22  tracker mortgages 

FSA warns Nationwide & Halifax to ignore collar clause
Dec 2, 2008 . Nationwide also had a clause in their tracker rate mortgages that states they will not . Basically these terms in a contract are called collar rates.
http://www.100mortgages.org/20081202/fsa-warns-nationwide-halifax-to-ignore-collar-clause/

Sydney Morning Herald  Feb 20  affidavit debt enough to win illinois 

BBC NEWS | Business | Nationwide ends tracker rate cuts
Jan 2, 2009. building society branch. The move will affect about 250000 of Nationwide's mortgage customers . TRACKER MORTGAGE COLLARS .
http://news.bbc.co.uk/2/hi/business/7807813.stm




 
TOP CONTRIBUTORS

Yorkshire Building Society Tracker mortgages
A minimum rate of interest usually applies to our tracker mortgages, this is known as a 'collar'. Tracker not right for you? View our other mortgage types from the .
http://www.ybs.co.uk/findamortgage/tracker_mort.html

Tracker Mortgage A Beginner's Guide
For example, some tracker mortgages have a “collar” which means there is a limit as to how far down in interest rate can go. Avoiding this can be as simple as .
http://bobjones.hubpages.com/hub/Tracker-Mortgage

Tracker rate mortgages
*There's only one exception to this rule: some tracker-rate mortgages come with a collar (also known as a floor). Whatever happens to the BoE's base rate, the .
http://www.thinkmoney.com/mortgage/mortgage-rates/tracker-rate-mortgage/

How Does a Tracker Mortgage Work? | eHow.com
Like all good things, there are typically caps to how low a tracker mortgage's interest rate can fall. Referred to as "collars" or "floors," British lenders typically .
http://www.ehow.com/how-does_4897494_tracker-mortgage-work.html

tracking non-performing mortgages

Examples of tracker mortgage collars

Some common instances of write-offs include:

  • Mortgage lenders move the goal posts | Telegraph News
    Apr 22, 2012 . Halifax had a “collar” on its mortgages that meant it could stop its tracker mortgages falling in line with Bank Rate once it hit 2.75pc. However .
    http://www.telegraph-news.com/mortgage-lenders-move-the-goal-posts/

    Tracker mortgages | A beginners guide | Credit Choices
    Nov 24, 2011 . Find out all you need to know about tracker mortgages with our free online . For example, a tracker with a collar at 3% means that your interest .
    http://www.creditchoices.co.uk/mortgages/guides/tracker-mortgages.html

  • Interest rates cut: Nationwide waives collar for all tracker mortgage ...
    Dec 4, 2008 . Nationwide has decided not to enforce the 2.75pc collar on borrowers with existing tracker mortgages. By Paul Farrow. 10:33PM GMT 04 Dec .
    http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/3551904/Interest-rates-cut-Nationwide-waives-collar-for-all-tracker-mortgage-customers.html

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What is a Negative tracker mortgage collar?

Beware Of This Tracker Mortgage Trick
Dec 2, 2008 . Collars. If you have a tracker mortgage, you probably think your mortgage interest rate will automatically rise and fall in line with changes to the .
http://www.lovemoney.com/news/property-and-mortgages/mortgages/2167/beware-of-this-tracker-mortgage-trick

Repayment mortgage | Interest only mortgage | Fixed Rate Mortgage ...
There are many types of mortgages; Repayment mortgage, Interest only . a set level e.g. a base rate tracker of Bank Base Rate + 1% with a collar at 3.5%, even .
http://www.mortgageadvicebureau.com/choose-the-right-mortgage/

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References

  1. Article Don't get locked in
    More recently, some lenders have introduced a minimum rate on their tracker mortgages below which your rate will not fall - known as a collar - and others could .
    http://www.efbf.org/jobs/Press-Don-t-get-locked-in-11299.htm

  2. Lifetime tracker mortgage explained, imminent rate rise
    Apr 24, 2011 . Another option is the lifetime tracker mortgage that is explained in an . Nationwide have agreed to reduce the collar on Tracker Mortgage .
    http://www.100mortgages.org/20110424/lifetime-tracker-mortgage-explained-imminent-rate-rise/

Loan Insurances: Mortgage lenders move the goal posts by Loan ...
Apr 22, 2012 . Halifax had a “collar” on a mortgages that meant it could stop a tracker mortgages descending in line with Bank Rate once it strike 2.75pc.
http://loan-insurances.com/forex/9590/mortgage-lenders-move-the-goal-posts/

Mortgage lenders move the goal posts - Britannia Radio
Apr 22, 2012 . Halifax had a "collar" on its mortgages that meant it could stop its tracker mortgages falling in line with Bank Rate once it hit 2.75pc. However .
http://britanniaradio.blogspot.com/2012/04/mortgage-lenders-move-goal-posts-home.html

UK mortgage terminology - Wikipedia, the free encyclopedia
This page gives descriptions of UK mortgage terminology which can often confuse . Tracker rate - a variable rate that is linked to an underlying public interest rate . Sometimes there is a collar associated with this type of rate which imposes a .
http://en.wikipedia.org/wiki/UK_mortgage_terminology

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