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There is somebody in my office that has a lucky cunt wanker bastard mortgage
It was a tracker mortgage set at 0.5% below the baserate.
Earlier this year, the baserate went below 0.5% which means that their mortgage was being paid off even if they didnt make any payments, cunts.
(, Mon 8 Jun 2009, 13:53, archived)
haha
negative interest
(, Mon 8 Jun 2009, 13:56, archived)
it doesn't work like that, see below.
in any case there will be a small print clause prohibiting the rate from dropping below zero, even if nothing below is applicable.
(, Mon 8 Jun 2009, 14:06, archived)
That last statement isn't true (even if the rest is, which I doubt, I think you're being fibbed to)
It's not being paid off. It just isn't currently increasing in debt.

And trackers like that are only set for 2 years max anyway.

and they are set below the banks base rate, not the bank of englands. Bank base rates are 2-4% higher than the BoE base rate. So he'll still be paying 2% interest or so.
(, Mon 8 Jun 2009, 14:04, archived)
it was a she
she is not normally in the habit of lying either, she seemed fairly convinced about it though.
(, Mon 8 Jun 2009, 14:37, archived)