Thursday, November 19, 2009
UK Lenders Announce Mortgage Rate Cuts
UK Lenders Announce Mortgage Rate Cuts
The latest announcement by Lloyds Banking Group is good news for borrowers waiting for a further decrease in mortgage interest rates. Lender’s mortgage arm, Cheltenham & Gloucester, reported a 0.5% cut in mortgage interest rates on 2-year fixed and tracker mortgage deals that are offered through mortgage brokers. Moreover, Cheltenham & Gloucester launched a new best buy mortgage deal. Lender’s borrowers with deposits of 40% or more are now offered to benefit from a 2-year tracker deal available at 2.29% above the base rate (a pay rate of 2.79%) and a fee of £995.
Posted by uch1405 @ 08:22 AM (1039 views)
5 thoughts on “UK Lenders Announce Mortgage Rate Cuts”
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will says:
Come on guys, if this is good news for borrowers, why don’t they drop their rates in line with the Bank of England base rate ?
symo says:
Finally time to buy gold for me.
51ck-6-51x says:
Symo
– Why would I want to buy gold for you?
I love our language, it’s so easily misinterpreted 🙂
mark wadsworth says:
Well, what a coincidence. Government controlled bank cuts interest rates to help “hard pressed home owners”. Whatever it takes.
vindicated says:
Sheez! So transparent, its bleeding laughable…… I give up………