Thursday, Nov 19, 2009
UK Lenders Announce Mortgage Rate Cuts
E1 News: UK Lenders Announce Mortgage Rate Cuts
The latest announcement by Lloyds Banking Group is good news for borrowers waiting for a further decrease in mortgage interest rates.
Lender’s mortgage arm, Cheltenham & Gloucester, reported a 0.5% cut in mortgage interest rates on 2-year fixed and tracker mortgage deals that are offered through mortgage brokers.
Moreover, Cheltenham & Gloucester launched a new best buy mortgage deal. Lender’s borrowers with deposits of 40% or more are now offered to benefit from a 2-year tracker deal available at 2.29% above the base rate (a pay rate of 2.79%) and a fee of £995.
Posted by uch1405 @ 08:22 AM (642 views) Add Comment
5 Comments
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1. will said...
Come on guys, if this is good news for borrowers, why don't they drop their rates in line with the Bank of England base rate ?
2. symo said...
Finally time to buy gold for me.
3. 51ck-6-51x said...
Symo
- Why would I want to buy gold for you?
I love our language, it's so easily misinterpreted :)
4. mark wadsworth said...
Well, what a coincidence. Government controlled bank cuts interest rates to help "hard pressed home owners". Whatever it takes.
5. vindicated said...
Sheez! So transparent, its bleeding laughable...... I give up.........