Black_Adder
Registered User
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- 153
there are lots of EU countries with caps on mortgage interest rates
This isn't quite what I originally had - but it looks even better
[broken link removed]
"Study on interest rate restrictions in the EU
Final Report" 2009
Remarkable if you read all 200+ pages in 15 minutes.
Try France.
EC.Europa.eu kinda means it an EU document unless you think I wrote it.
In fact the Banks should have been challenged long ago on 'previous dealings' where the non-tracker variable rate remarkably and faithfully followed ECB changes unless a certain Bank decided that it would demonstrate just how weak the consumers hand is in this country - dead as a dodo.
Caution?
So if for 7 years the SVR followed faithfully the changes in ECB - would there be a case that the Bank was now bound to continue that?
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