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picture home loans
gregory980
Posts: 1 Newbie
in Loans
we have asecured loan with picture (£58 000) its currently at 8.59% but overthe past months when the banks were dropping thier intrest rates picture have refused to drop their intrest rates saying there not at liberty to do it even if the mortgage companies are is this correct(they were quick enough to put them up)
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Comments
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There is no obligation for them to reduce the rate in line with the Bank of England Base rate.0
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There is no obligation for them to reduce the rate in line with the Bank of England Base rate.
Andy is correct. Have you looked at what a redemption figure might be? Would it be possible to move elsewhere? Costs nothing to look around.
StebizAsk me no questions, and I'll tell you no lies0 -
BoE base rate has little to do with lending rates.Starting Debt: ~£20,000 01/01/2009. DFD: 20/11/2009 :j
Do something amazing. GIVE BLOOD.0
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