Monday, Nov 23, 2009
Government-backed Lenders Raise Mortgage Interest Rates
E1 News: Government-backed Lenders Raise Mortgage Interest Rates
According to an article published in the Sunday Times, most of the British taxpayer-owned banks increased mortgage interest rates and toughened lending criteria last week.
Royal Bank of Scotland, RBS, has raised the deposit for its best-buy mortgage deal – 2-year tracker offered at a pay rate of 2.89%, a fee of £1,499 and no penalties for switching – to 25%, up from 20%.
Posted by uch1405 @ 07:55 AM (362 views) Add Comment
- 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
No comments have been submitted.
Be the first person to add your comment by completing the form below.