Peter Rollings commenting on the increase in mortgage rates offered by some state-funded lenders
Mon 08 Mar 2010
"Public money saved the state-funded banks from collapse which makes the news they are offering borrowers far higher than average mortgage rates much harder to swallow particularly at a time when other lenders are looking to reduce rates to bring them closer in line with the historically-low base rate. At a time when more support is needed for borrowers to encourage demand and boost the property market recovery, the state-owned banks are more preoccupied with rebuilding their balance sheets. They have already turned their attention to the billions of taxpayers pounds they will be forced to start repaying from 2011 - and consumers are literally paying the price."For further information please contact:
The Wriglesworth Consultancy Tom Urpeth / James Staunton 0207 427 1400
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