Major mortgage lender admits it won’t pass on bank rate cut to customers unless they ASK

Major mortgage lender admits it won’t pass on bank rate cut to customers unless they ASK …C0NTINUE READING HERE >>>

MORTGAGE borrowers could overpay bills by hundreds of pounds as a result of a clause buried in the small print of a major lender, experts have warned.

Homeowners on a tracker mortgage usually see their monthly repayments fall if the Bank of England base rate is cut.

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YBS tracker mortgage customers need to ask for repayments to recalculatedCredit: Getty

Earlier this month the key rate was reduced to 4.75% from 5% meaning that if, for example, your mortgage rate had been 3.5% it would move…

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