Wednesday, May 12, 2010
RBS Ulster Bank cuts rates - A bit worrying for bears
Belfast Telegraph: Leading mortgage lender cuts rates
Derek Wilson, Ulster Bank's head of lending products, said the bank would "love to see increased customer demand for mortgages in 2010" and that it had "substantial funds ready to help buyers".
The bank said it is reducing three of its offerings, including a two-year discounted variable rate for lending up to 75% loan to value, which is being cut from 3.19% to 2.99%.
It is also cutting two of its two-year fixed rate deals - the rate for loan to values up to 75% is being reduced from 3.99% to 3.78% and the rate for loan to values up to 90% is being cut from 5.89% to 5.29%.
Posted by spoony @ 11:41 PM (198 views) Add Comment
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