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gruffydd

Alliance And Leicester Hikes Mortgage Rates

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http://www.dailymail.co.uk/pages/live/arti...in_page_id=1770

Alliance & Leicester hike some of its mortgage rates as a result of global credit market crisis

Last updated at 16:54pm on 21st September 2007

Alliance & Leicester today became the latest lender to increase some of its mortgage rates as a result of the turmoil in global credit markets.

The UK's eighth largest lender said it was raising rates on its tracker mortgages by between 0.1 per cent and 0.2 per cent from today for new customers and people remortgaging.

Edited by gruffydd

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http://www.dailymail.co.uk/pages/live/arti...in_page_id=1770

Alliance & Leicester hike some of its mortgage rates as a result of global credit market crisis

Last updated at 16:54pm on 21st September 2007

Alliance & Leicester today became the latest lender to increase some of its mortgage rates as a result of the turmoil in global credit markets.

The UK's eighth largest lender said it was raising rates on its tracker mortgages by between 0.1 per cent and 0.2 per cent from today for new customers and people remortgaging.

0.1% or 0.2% is neither here nor there. How about 1% or 2% then we might be in business.

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0.1% or 0.2% is neither here nor there. How about 1% or 2% then we might be in business.

I thinking you will find they are also tightening their lending criteria and the amount they lend which will have a bigger effect

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0.1% or 0.2% is neither here nor there. How about 1% or 2% then we might be in business.

Even a rise of 0.2% will add £50-100 to the average mortgage at todays inflated prices. More fuel onto the fire - get on there and burn :lol:

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Guest d23
Even a rise of 0.2% will add £50-100 to the average mortgage at todays inflated prices. More fuel onto the fire - get on there and burn :lol:

not sure how you work that out; .2% brings another £30 to a 200K mortgage

pretty sure average mortgage is nowhere near that either

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not sure how you work that out; .2% brings another £30 to a 200K mortgage

pretty sure average mortgage is nowhere near that either

Would be if you lived in London and bought recently, more even. Meal out for two down the swanny.

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DoctorJ, your avatar is god-like!

I see myself as more of an anti-hero ;)

Ok my maths isn't perfect but the point has been made (rover)- one less dinner out or no fags for one week each month :o Which ever way you look at it we're heading towards the fire. burn baby burn :lol:

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not sure how you work that out; .2% brings another £30 to a 200K mortgage

pretty sure average mortgage is nowhere near that either

Isn't that the real trick though? If HPI continues, the only real impact of interest rates is that the average joe will be able to have a few pints less each week, or give the weekly curry a miss once a month. Hardly going to put people off investing in bricks and mortar, where you can never go wrong.

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Isn't that the real trick though? If HPI continues, the only real impact of interest rates is that the average joe will be able to have a few pints less each week, or give the weekly curry a miss once a month. Hardly going to put people off investing in bricks and mortar, where you can never go wrong.

I guess people would still feel the wealth-effect and continue to MEW to have the curries and iPODs that they have earned.

The sheeple will follow the herd even when they are not sure where they are going. Sentiment is still strong (as far as I can see) and there are plenty of fools about who want to get too close to the fire (to feel the warmth of increasing equity)

Edited by DoctorJ

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