Brendan Burgess
Founder
- Messages
- 52,181
Could they set high SVRs and then give big discounts? I don't think that would work
They have high SVRs and low rates for two or three years.
Hi Nordkapp the one we need is there but it's 7 months and waiting for the CB to authorise it for mortgage lending.One obvious one is "Competition" or lack thereof of any lender coming into the market. All it would take is one we would see big movements.
Hi Nordkapp the one we need is there but it's 7 months and waiting for the CB to authorise it for mortgage lending.
If banks are not profitable, why should a customer of a specific product (mortgage) be forced to prop it up. Put in banking fees etc if that is needed. That the burden is spread fairly.
Additional 5 - The lenders should spread the burden of boosting their profitability over all their customers, and not just the non-tracker mortgage holders.
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