Wednesday, September 17, 2008

Merger could hit mortgage borrowers

HBOS - Lloyds TSB merger: mortgage rates to rise

Mortgage rates are likely to rise if Lloyds TSB takes over HBOS, according to personal finance experts. The merger will create Britain's biggest mortgage company, supplying more than one in four mortgages in Britain.

Posted by quiet guy @ 08:14 PM (1376 views)
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11 thoughts on “Merger could hit mortgage borrowers

  • planning4acrash says:

    That’s the real agenda. Consolidation, monopolies, a fight against free market economics.

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  • “The government has also said it would overrule any concerns that competition authorities may raise, BBC Business Editor Robert Peston said. ”
    Nice :o)

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  • Planning4acrash says:

    In war or a crisis, you can achieve 10times more. That is why crisis and war are encouraged by some. The Patriot act, not possible without 9/11 and Iraq war, 42 days detention, impossible without 7/7, Deregulation will be the game now, and we are, financially speaking, living through martial law, where constitutional and governmental controls over regulations, etc. become thrown to the wayside. Why lobby for decades for deregulation, when you can profit from a crash that puts deregulation forward a generation?

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  • I noticed that too handle_it. That will come back and bite the next government in the arse.

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  • Mortgage rates look set to rise anyway – bank lending has frozen up in the States following the AIG deal – well worth monitoring Bloomberg to keep up with what is currently going on – too much to post up.

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  • expect loads of branches to close too….. more empty high streets, more people on dole, what next higher taxes?

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  • mark… less civil servants and local goevernment staff?

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  • It will take them much much longer to decide what to call this new beast than the whole time take to put this deal together.

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  • No concern about competition regulations. Such regulations, like most other things in the politics/finance game, work…until they don’t. It’s when something is put under pressure that it shows whether or not it works. On this criterion the competition rules never worked. Financial regulations never worked. Broon’s miracle was always smoke and mirrors. Rubbage, the lot of ’em.

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  • From the article The merged company will be under pressure to make a profit…

    As opposed to the individual banks who were under pressure to makes losses?

    Hurrah for higher interest rates, say I. That’ll speed up the HPC a little bit more. I’d rather borrow £100,000 to buy a £100,000 house and pay 10% interest than borrow £200,000 to buy the self-same house and pay 5% interest.

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