serotoninsid
Registered User
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- 1,754
Can anyone give me an idea of what would represent the best interest rate s.v.r. mortgage on the market right now?
... could possibly increase their margins ...
Yes, rates as opposed to margins was what I mean't. Isn't this something that simply reaches a point whereby it's counter-productive? ie. if there are currently stats showing that X,000 folks can't keep up with mortgage repayments....??However I suspect your question was really meant to be "could possibly increase their RATES..." and the answer is yes - they COULD, and most likely will if they want to repair their balance sheets. New lending should be at higher rates in order to cross-subsidise the high funding cost of retail deposits as well as low-margin ECB trackers.
I thought they had no capital?
No - depends on individual bank's funding costs, their local markets, product cost (including cost of regulation!), average credit risk of the customer segment etc etc.Is there any standard 'rate' above european bank borrowing rates at which banks apply their own rate???
Hmm... hard to compare with my existing ECB + 0.57%! - but nothing I can do about that!
I dont think there is anything available at the moment that even comes close. If there is please let me know
No - there isn't and there won't be. I just mentioned it in passing - it's one of the few upsides of the last few years - and when compared with current rates, it really puts the 'cost of money' into perspective.I dont think there is anything available at the moment that even comes close. If there is please let me know
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