Banks helping borrowers Banks helping borrowers
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  1. #1

    Richer than sasguru

    DimPrawn is a fount of knowledge

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    Default Banks helping borrowers

    http://news.bbc.co.uk/1/hi/business/7359358.stm

    The Bank of England's plan to ease the credit squeeze has had an immediate impact with one of the UK's largest lenders cutting rates on some deals.

    Abbey's 0.1% cut on its two-year tracker and flexible mortgages from 30 April represents a tiny proportion of the mortgage market.



    If 0.1% cut in interest makes much difference to a borrower, they borrowed far too much.
    Three-and-a-half years, two extensions, seven defections, 21 deselections, three prime ministers, countless amendments, two prorogations, one Supreme Court judgement, 66 million Brits losing the will to live and were still at square one...

  2. #2

    Fingers like lightning

    Dow Jones has no reputation

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    Default Sh-abbey

    Doubt it - one of the worst culprits.
    Sh-Abbey have just withdrawn all their BTL mortgages (not that you'll ever consider them) to 'concentrate' on their residential ones AND at the same time raising the fixed rates for the latter by up to 0.6%.
    It's a game - the banks are playing cat-and-mouse with this incompetent PM/Chancellor/BoE Gov'nr/FSA Chairman so that they can maximise their profits.

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