Wednesday, October 15, 2008

shame!!!!

Blow for buy-to-let borrowers

'Ray Bougler, of John Charcol, the mortgage broker, said: “Lenders will continue to cut tracker deals and increase rates in an effort to protect profit margins.” ........so the point of rate cuts are??????

Posted by bystander @ 09:03 AM (629 views)
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4 thoughts on “shame!!!!

  • ……..so the point of rate cuts are?????? …………. to allow the banks to recover!!!

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  • There is no point in rate cuts. A lot of the savings rates aren’t going down either, and Libor hasn’t gone down either. It went up 0.07% immediately after the rate cut was announced, and has since gone down 0.036%.

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  • anyone see newsnight last night?

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  • The point of rate cuts ?

    Imo , to help industry survive and improve , to try to save jobs and therefore the wider economy .

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