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)
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5 thoughts on “UK Lenders Announce Mortgage Rate Cuts

  • 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 ?

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  • Finally time to buy gold for me.

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  • Symo
    – Why would I want to buy gold for you?
    I love our language, it’s so easily misinterpreted 🙂

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  • mark wadsworth says:

    Well, what a coincidence. Government controlled bank cuts interest rates to help “hard pressed home owners”. Whatever it takes.

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  • Sheez! So transparent, its bleeding laughable…… I give up………

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