Rate cut tomorrow

Murphman · November 5, 2008

http://www.dailymail.co.uk/news/article-10...fies-Brown.html

They're ALL taking the piss. Abbey have increased their base rate by 0.5% hoping nobody would 'notice' if it's done the day before rates are slashed. The margins on mortgage deals have been increasing almost on a parrallel with the decreases in LIBOR, there's plenty of 'subtle' rip offs too like the majority of available loans are fixed and will look pretty sick by the new year plus halifax offer a trackler deal to existing customers which is not only at a ridiculous rate you're tied in for FIVE years.

Radical action is needed Mr Mandelson, this isn't a free economy it's a cartel, our money is bailing these barstards out in a lot of cases and if it continues you can forget about recovery.

I have a list of customers waiting for things to improve and sitting on the standard variable rate, with rate cuts imminent you'd expect relief not a capital rebuild at our expense.

This should be in the f*cking rant room really, I'm so pissed off with these charlatans.

Cobs · November 5, 2008

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