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.
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?
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 .
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 .
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 .
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 .
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 .
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 .
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.
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 .
What is a tracker mortgage? - Mortgages - Guides - Moneyfacts
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 .
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 .
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 .
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 .
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 .
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 .
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 .
Tracker Rate Mortgages: What are the Advantages & Disadvantages ...
May 18, 2010 . How does a tracker mortgage deal work and what are the pros and cons? . Come with a "collar" which prevents repayments being lowered if .
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 .
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 .
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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 .
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 .