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)
3 thoughts on “Britain’s biggest lender has warned”
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alan says:
As the cost of borrowing goes up, shouldn’t the prices of houses come down?
Crunchy says:
What did i say earlier today? LOL
Good cop, good cop will not last much longer.
51ck-6-51x says:
Alan / Crunchy – heh, yeah you’d think wouldn’t you?!