Wednesday, Jan 23, 2008
Nationwide puts up mortgage rates
BBC: Nationwide puts up mortgage rates
The UK's biggest building society is the latest lender to hike rates despite no movement from the Bank of England.
"We shouldn't expect to see trackers becoming much cheaper in the near future until this uncertainty has worked its way through the market."
Posted by doomwatch @ 01:50 PM (528 views) Add Comment
4 Comments
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1. Storm said...
Are you serious? Is this real time? I can't quite believe it, and imagine I must have stumbled across a recurring nightmare.
2. Bystander said...
Bet their savings rates have gone down as there borrowing costs have gone up, in preparation for a rate cut next month.
3. David Smith's Sub Prime. . . said...
There is only one way around this cartel, and that is to Nationalise the Crock and allow it to undercut other lenders. This is the real reason why the City do not want it Nationalised methinks!
4. planning4acrash said...
One exciting thing about nationalisation is that civil servants and mp's will get intimate with the rediculous ways of banks and understand more about how the entire industry should be regulated.