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Desperate lenders offer £25,000 to take your mortgage away to a rival bank in bid to balance debt

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Struggling mortgage firms are so desperate to offload borrowers that they are offering to write off a sizeable chunk of customers' home loans if they move to a rival bank.

 

In some cases, tens of thousands of pounds are being paid off to give customers a better chance of finding an alternative lender willing to take them on.

 

 

The offer is being made by some of Britain's biggest mortgage firms who are willing to take a hit of as much as £25,000 to get the loans off their balance sheets to see them through the credit crunch.

 

More:

 

Desperate lenders offer £25,000 to take your mortgage away to a rival bank in bid to balance debt | Mail Online


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