Wednesday, November 11, 2009

Interest rates to go up, but not yet?

Mortgage rates fall but loan restrictions tighten

Woolwich.. "which is the UK’s fourth biggest mortgage lender, is cutting the cost of its popular base-rate tracker deals and will introduce new deals for borrowers with a 25 per cent deposit today. It will offer a market-leading lifetime tracker at 2.44 percentage points above base, a pay rate of 2.94 per cent, available up to 75 per cent of a property's value. It has a £999 fee. However, Woolwich is also raising the interest rate that it uses to assess affordability, making it harder for borrowers to secure any new deal."

Posted by alan @ 10:52 AM (695 views)
Please complete the required fields.

One thought on “Interest rates to go up, but not yet?

  • ROLL UP! ROLL UP!….slowly but surely lenders are waking up to the fact that rates will have to, eventually go up! and a good 25% of the 11 million mortgage holders WON’T qualify because of slightly blemished credit records or not being able to prove their fictitious incomes or have had a pay cut or don’t have sufficient equity, which means their mortgage payments will rise by as much as 50% – assuming the majority of lenders apply similar criteria….the great crash of 2010 is dawning

    Please complete the required fields.

Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>