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Realistbear

Nationwide, Britannia And Others' Mortgage Rates Soar .35%

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http://www.ft.com/cms/s/d26c383e-3425-11db...00779e2340.html

Financial Times

Savers frustrated by three-week delay
By Robert Budden
Published: August 25 2006 18:28 | Last updated: August 25 2006 18:28
Many lenders have been quick to raise their standard variable rates on mortgages following the Bank of England’s surprise hike in its base rate earlier this month. But, more than three weeks on from the Bank’s decision, many of the UK’s major banks have yet to declare what they are doing with their savings rates......./
Several lenders, including Nationwide and Britannia building society, have increased their standard variable rates by
0.35
per cent, although in both these cases their rates are still below the market average.

No point raising savings rates twice, just wait until the next mortage Hike in October and send out just one notice then. You know it makes sense.

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No point raising savings rates twice, just wait until the next mortage Hike in October and send out just one notice then. You know it makes sense.

Ha ha ha. I used to do this for one of the high street banks and can remember well sitting in a room with a spreadsheet seeing how much of our annual target we could get by fu**ing around with rate changes. Drives me mad now I don't work in the industry but we used to make squillions when rates changed.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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