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Moneylenders (Standard Life) up mortgage rates
Sapphire
Posts: 4,269 Forumite
I got a letter through the post this morning saying that my standard variable mortgage rate was going up by 0.15%. This is the first time in many years of having mortgages that my variable mortgage has gone up when there hasn't been Bank of England interest rate rise.
I wonder whether this is a sign of things to come - the moneylenders upping rates willy-nilly, as the fancy takes them and blaming the 'credit crunch'? The 'credit crunch' is certainly not of my making, since I have never over-borrowed (or recklessly lent) money. I deeply resent that I'm being made to pay for the greed of others (including the moneylenders). :mad:
Luckily, I am in a position to pay off my relatively very small mortgage and intend doing so soon. So Standard Life will actually lose out as far as their deal with me goes. :rotfl:
I wonder whether this is a sign of things to come - the moneylenders upping rates willy-nilly, as the fancy takes them and blaming the 'credit crunch'? The 'credit crunch' is certainly not of my making, since I have never over-borrowed (or recklessly lent) money. I deeply resent that I'm being made to pay for the greed of others (including the moneylenders). :mad:
Luckily, I am in a position to pay off my relatively very small mortgage and intend doing so soon. So Standard Life will actually lose out as far as their deal with me goes. :rotfl:
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