14 Feb 2009 1:07 AM:
LIke others, I was expecting a larger reduction in monthly payments given the big reductions in Euribor late in 2008. When I spoke to CAM on the phone, I got the same explanation about the revised rate being set based on Euribor 2 months prior to the revision date.
I am still waiting to get a response from Sven who I emailed over a week ago, but I presume that the explanation will be the same as Chris got below.
Michael
Community thread:
CAM Mortgages
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