Property Sparrow has been busy opening mortgage rate letters again this morning. They’ve all been delivered on the same day this time, which is nice.
At the risk of appearing a copycat, she simply wants to mark the occasion. This might be the last time that she can open a letter from a bank in the certain knowledge that it will be confirming a new and lower interest rate.
For her little portfolio, the total monthly saving from March to April is £29.08. From May onwards, there will be a further saving of £14.17 per month. To be fair and grateful to the poor old Royal Bank of Scotland, they have cut the mortgage interest rate on one of her properties down to 1.65%.
That just leaves a three year fixed rate mortgage with the Bristol and West due to end on 1 May. With some excitement, Property Sparrow has her eyes peeled for a BS99 postmark popping through the letterbox.
At the risk of appearing a copycat, she simply wants to mark the occasion. This might be the last time that she can open a letter from a bank in the certain knowledge that it will be confirming a new and lower interest rate.
For her little portfolio, the total monthly saving from March to April is £29.08. From May onwards, there will be a further saving of £14.17 per month. To be fair and grateful to the poor old Royal Bank of Scotland, they have cut the mortgage interest rate on one of her properties down to 1.65%.
That just leaves a three year fixed rate mortgage with the Bristol and West due to end on 1 May. With some excitement, Property Sparrow has her eyes peeled for a BS99 postmark popping through the letterbox.
In the meantime, she's off to the building society to pay in her savings for March.
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