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by Scunner
21 Apr 2009 11:22
Forum: Mark Nowell's Financial Questions
Topic: Mortgage Base Rates
Replies: 5
Views: 8692

Mortgage Base Rates

Hi Mark, I have a foreign currency mortgage with Laiki Bank (Swiss Francs). On set-up of the mortgage the interest was defined as a Base Rate of 2% plus the monthly LIBOR Rate. Thankfully, the LIBOR Rate has dropped over the last 5 months or so which is helping to offset the negative impact of the f...