Alert icon
We're changing our privacy policy. This stuff matters.  Learn more  Dismiss

Mortgage lenders deny profiteering

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
16 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Sep 11, 2009

Mortgage lenders say they're not profiting off consumers, as interest rates remain frozen while borrowing rates are on the rise.

Data from Moneyfacts.co.uk shows the average two year fixed mortgage is now 5.15 per cent around 0.3 percent higher than six months ago.

The council of mortgage lenders claim the state base rate and mortgage rates are not linked thus they are not using increases in mortgage rates to make more profit.

A spokesman says that any rate cuts have primarily been focussed on loans with low loan to value rates.

Category:

News & Politics

Tags:

License:

Standard YouTube License

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (0)

Sign In or Sign Up now to post a comment!
Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more