Jump to content


Sign in to follow this  
ukaviator

Thrifty Britons cash in on low interest rates and falling bills

style="text-align:center;"> Please note that this topic has not had any new posts for the last 3634 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Britain's biggest mortgage lenders say more and more of their customers are choosing to overpay on their home loans, frustrating attempts by the Bank of England to boost the economy with ultra-low interest rates and lower monthly mortgage bills, a survey by The Independent shows. Lloyds Banking Group – which includes the UK's largest lender, the Halifax – the Nationwide Building Society, Abbey, Barclays, HSBC, the Co-operative Bank and others have all told this newspaper that borrowers are taking the opportunity to pay off their mortgage debts rather than spend any extra cash, the opposite of what the Bank and the Treasury want.

 

Some lenders are witnessing dramatic changes in customers' behaviour. Indeed, the Bank of England may be disturbed to learn that many lenders and building societies are encouraging customers to overpay and cut their mortgage debts, again reducing the funds available to households to spend. Most lenders permit overpayments of about 10 per cent of a debt – but some are now raising that threshold. Customers on tracker and variable rates have seen the biggest benefit from the fall in rates, and they account for about 50 per cent of all British home loans.

 

More:

 

Thrifty Britons cash in on low interest rates and falling bills - Business News, Business - The Independent


Some useful links.

FAQ's

Making Posts

Letter Template Library

Bank Contact Details

AQ Guide to Completion

Court Fees

Data Protection non Compliance

Witness Statements for Court Bundle

Banking Code Website

Limitations Act

Fast Track Costs

A-Z Index

Mis-Claim Tutorial

Step By Step Instructions

 

Remember: The Ark was built by amateurs-The Titanic by professionals.

 

Please click my scales if you find my advice helpful !

 

If your claim is successful, please donate 5% so that it can continue to help others.

 

Your decisions and actions are your own, and should you be in any doubt, please seek qualified professional legal Help.

 

WARNING TO ALL

Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers

 

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

YOU CAN NOW COMPLAIN TO THE OFT ABOUT THEIR CONDUCT UNDER THE CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008.

Share this post


Link to post
Share on other sites
Sign in to follow this  

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...