Sunday, October 19, 2008

Don’t expect a rate cut for FTBs

Little respite for borrowers after rate cut

The most attractive two-year tracker mortgage from Lloyds is now a 5.75 per cent offer which requires a 40 per cent deposit and carries a fee of £695. The move follows decisions by Halifax, Abbey and First National to raise the margins on their tracker rates by 0.5 per cent, which in effect wipes out the rate cut for prospective new borrowers.

Posted by dohousescrashinthewoods @ 09:39 AM (560 views)
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One thought on “Don’t expect a rate cut for FTBs

  • Capital rebuilding is what the banks are up to not charity running

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