Monday, December 12, 2011

Sing Along Day – The only way is down, baby

Eurozone crisis forces up mortgage rates for UK home owners

Mortgage rates have been creeping up in recent weeks and if the eurozone crisis implodes they could rise at a faster rate and be harder to get. Last week, Nationwide and ING both increased mortgage rates on selected deals. On Friday, Chelsea Building Society did likewise. For example, its two-year tracker rate increased from 1.69pc above Bank Rate to 1.89pc above Bank Rate.

Posted by mark @ 10:55 AM (4013 views)
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7 thoughts on “Sing Along Day – The only way is down, baby

  • Tasty

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  • lets 3loody well hope so….

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  • I’m a little surprised there hasn’t been more movement on rates already. Whilst the politicians are indeed behind the curve, and mostly languishing in varying states of denial; the banks have no such illusions.

    To quote my friend at Commerzbank recently: “The euro is dead, that is fully priced in now. We are just waiting for the funeral”

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  • I regular check the LIBOR rate, It has been looking more and more reliable.

    LIBOR rate

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  • khards – if you sign up to moneyfacts daily news alert it includes a daily update on LIBOR (as you indicate it’s on the rise)

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  • correct if i am wrong didnt kensington mortgage use libor ?

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  • Mark – correct Kensigton is predominantly LIBOR linked having said that they are a niche player in England & Wales only)

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