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Bank of England admits engineering the property boom!!

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Old 22 March 2007, 01:11 AM
  #31  
Terminator X
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You'll be b*ggered then when rates go back down to 4%

TX.

Originally Posted by jonc
I have a 4.69% 5 year fixed Nationwide mortgage and will be that rate for another 4.5 years!
Old 22 March 2007, 08:14 AM
  #32  
wrightylee
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Originally Posted by Suresh
I've learned something today.
Glad to be of service. Do some googling on fractional reserve lending (which is how all banks operate) and you'll see that the robbing barsteward banks basically get away with legalised fraud. It'll also become clear why they have all these charges to discourage you from going overdrawn.
Old 22 March 2007, 02:30 PM
  #33  
richardg
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Originally Posted by Terminator X
Complete sh1te as usual Lewis!

Abbey 10yr interest rate is 5.69%.
Woolwich is 5.28%.
Brittania is 5.65%
Etc.

Nowt to concern us I'd say.

TX.
tx - i think pete was referring to the 10yr historial average rather than the average 10yr rate being offered at the moment. having said that, i'm still not concerned
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