Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : British banks don't lower mortgage rates after .25% cut
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August 15, 2005
British banks don't lower mortgage rates after .25% cut
This is from TimesOnline. Bank of England lowered rates by 0.25 percentage points, but leading British lenders like Barclays, Bank of Scotland and Bradford & Bingley have not cut their mortgage rates. Altogether, about 40 lending institutions kept this quarter-percent to themselves.
Many are saying that when rates are increased, the same banks don't wait a minute too long to raise their mortgage rates.
Posted in Mortgages at August 15, 2005 06:59 PM
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