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I know I've already posted but would like to start a new thread due to the things i've read on this site, namely i've taken out a secured loan on my house with first plus... when interest rates were rising they sent me a letter saying because BOE interest rates were rising the interest rate on my loan was rising too, but when the interest rate started falling rapidly, i called them and asked them why my rate did not come down too, they said it had nothing to with the bank of england base rate... I could tell the phone monkey girl was reading from a screen it was that fast! any thoughts? is it legal?

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depends on what was in your original agreement.

 

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