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Rate increase for existing borrowers - normal ?
radish
Posts: 1 Newbie
My fixed rate is up on June 1st and last week my lender was advertising a 2 year fixed rate at 5.89 with a £99 arrangement fee for existing borrowers. (a standard offering, not a special offer). Today, I see that has gone and has been replaced with a 2 year fixed rate of 5.99 with a £1499 arrangement fee. Is that normal ? I know rates are going up for new customers but I thought they might be keen to keep hold of their existing customers. Or maybe not ?
0
Comments
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Financial institutions are not known for rewarding loyalty."You were only supposed to blow the bl**dy doors off!!"0
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Shop around, shop around.
And when you find something move fast and reserve it NOW!0
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