Sunday, February 1, 2009

Lenders Trying Not to Pass on Further Rate Cuts

Surprise, surprise The Council of Mortgage Lenders (CML) have gone to the government to try and put a "collar" on existing tracker mortgages. They complain if they don´t that it would hurt their ability to get savings deposits.

Is it just me or do banks want everything their own way.

They got themselves into this situation, through ridiculous lending criteria, surely they should face the consequences.

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