Saturday, Jun 21, 2008
2 year fixed rates up to 6.99%
The Mail on Sunday: End of the cheap fixed mortgage ...
... Halifax is last of big four lenders to hit homeowners with punishing rate rises
Posted by mark wadsworth @ 02:19 PM (444 views) Add Comment
4 Comments
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1. yoyo1 said...
It's not quite the end of the cheap fixed rate mortgage just yet. The HSBC is matching or even bettering some existing deals that are about to expire. Somebody that I know just transferred their 250K mortgage over to them having acquired a very competitive match on their cheap fixed rate mortgage taken out 2 years ago. The new HSBC deal adds just an extra £150 a month, so very little change there.
2. Fingerbob69 said...
Adds ''just an extra £150 a month''!!?? That would cripple most borrowers. Furthermore, the HSBC requires a high level equity in the property (atleast 25% but don't quote me) and a pristine payment/credit history. They're getting brownie points but they are no white knights.
3. bidin'matime said...
But seeing this headline in big print on the front page at the newstand was the main thing - Joe Public is at last being n
4. it_is_going_with_a_bang said...
Just £150???
Along with a near doubling of fuel costs not to mention everything else.
It's another nail in the coffin.