Thursday, November 25, 2010

Britain’s biggest lender has warned

Home buyers see mortgage rates rise on new deals

Michelle Slade, of personal finance researchers Moneyfacts.co.uk, said: “The Bank Rate of 0.5 per cent has meant many borrowers are reverting to rates significantly lower than they would find if they remortgaged to a new deal. “Lenders balance sheets have been dented by borrowers remaining on such low rates, something many can ill afford to allow to continue.

Posted by mark @ 04:26 PM (1567 views)
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3 thoughts on “Britain’s biggest lender has warned

  • As the cost of borrowing goes up, shouldn’t the prices of houses come down?

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  • What did i say earlier today? LOL

    Good cop, good cop will not last much longer.

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  • Alan / Crunchy – heh, yeah you’d think wouldn’t you?!

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