If, like me, you're holding out for cheaper fixed mortgage deals, last week's review of the global banking crisis by Lord Turner, chairman of the Financial Services Authority, showed just how long a waiting game it could be. Buried in the report was a startling figure: mortgage rates can stay high for six to nine years after the onset of a banking crisis. Turner wants banks to hold much more.....
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Source: www.timesonline.co.uk
.9% Thats fine by me. I'll just wait in a rent unit until those same banks come crawling to me begging with .4%
ReplyDeleteI just would love nothing better than to see all the pirate of the banking world start delivering for pizza hut.