Tuesday, February 19, 2008
CML says everything is fine
FSA says 1.4 million mortgage holders will see their teaser rate deals expire this year, but CML argues they will all get great new fixed rate or tracker deals. So that's OK then! How this argument that everyone will get good new deals matches up with the expectation that Northern Rock is to put up rates to get rid of half of its 800,000 mortgage customers I don't know.