Monday, November 23, 2009

Government-backed Lenders Raise Mortgage Interest Rates

Government-backed Lenders Raise Mortgage Interest Rates

According to an article published in the Sunday Times, most of the British taxpayer-owned banks increased mortgage interest rates and toughened lending criteria last week. Royal Bank of Scotland, RBS, has raised the deposit for its best-buy mortgage deal – 2-year tracker offered at a pay rate of 2.89%, a fee of £1,499 and no penalties for switching – to 25%, up from 20%.

Posted by uch1405 @ 07:55 AM (753 views)
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