Hi there, not been on here for a while and forgot my password so have a new account. I have a mortgage with Solbank in Corralejo and it is currently set to 3.7% due to the floor limit cap you mention. I have contacted the bank to ask to have this removed with no luck but they did agree to lower the limit to a minimum of 3% from 3.5% with some persuasion.
My question is can you transfer your mortgage to a better rate at another bank like you can very easily in England and if so which is currently the best rate and bank to transfer to?
I agree this is a complete rip off as the Base rate is very low and is not being passed on to their customers and is making it very hard for people to meet their mortgage payments.