Summary
LENDERS are penalising borrowers who can't put down big deposits by increasing interest rates on fixed rate deals.
Although many banks and building societies have cut fixed rate deals in the past week, cheaper deals have been only for homebuyers who can afford to put down hefty deposits. Everyone else will see fixed rates go up instead.See the full content of this document
Extract
Bigger Is Better ...
For example Alliance & Leicester has dropped its cheapest two- year fixed rate deal to 3.49 pc. This comes wi...
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