Wednesday, Apr 25, 2007
Now they tell us.....
Telegraph: Beware the Mortgage Carrot
Borrowers should look further than the carrot dangled in front of them, as there could be a stick not too far away.
Posted by auntie @ 09:16 AM (167 views) Add Comment
3 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Scott said...
The Telegraph, The Mirror. One by one they are switching sides.
2. Paulos said...
"Abbey, which appears to be on a charm offensive, has launched a homeloan that has the dreaded extended-tie in. Extended tie-ins, which lock borrowers into a high rate long after the low rate has expired, have been few and far between of late, but they are making a comeback. Abbey is offering a two-year fix at 5.34 per cent with an 18-month extended tie-in at its standard variable rate, currently 7.34 per cent. Its two-year fix without the tie-in is at 6.37 per cent."
Sounds like a sub-prime mortgage to me! Although obviously not since we don't have those in this country.
3. lvmreader said...
And said stick will be inserted, sans lubricant, at great force "somewhere the sun don't shine" about 5-7yrs in.
Mortgage - "Bound until death"......