Sunday, Oct 19, 2008
Don't expect a rate cut for FTBs
FT.com: Little respite for borrowers after rate cut
The most attractive two-year tracker mortgage from Lloyds is now a 5.75 per cent offer which requires a 40 per cent deposit and carries a fee of £695. The move follows decisions by Halifax, Abbey and First National to raise the margins on their tracker rates by 0.5 per cent, which in effect wipes out the rate cut for prospective new borrowers.
Posted by dohousescrashinthewoods @ 09:39 AM (178 views) Add Comment
1 Comment
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1. matt_the_hat said...
Capital rebuilding is what the banks are up to not charity running