Foreign lenders are making the most of the greed of British High St lenders by undercutting interest rates and deals on UK residential mortgages.
Whilst our High St banks are determined to cream off as much profit as possible from extortionate arrangement fees and huge margins on the Bank of England rate, foreign banks such as the Bank of China are swiftly taking ground by offering customers the best deals. Banks from Sweden and Israel are also benefitting from the reluctance of British banks (most of whom are now owned by us but who take no notice of what the taxpayer wants from their institutions) to lend against property.
First we lose our manufacturing industries due to greed and lack of investment and understanding future markets and now it seems we may lose our basic banking services like residential mortgages to foreign companies. As long as the key players in our banks get their bonuses this year, they probably don’t care about next year or the year after.
—
We Buy Houses for Cash – Any Condition – Any Price
Drop me a line and I’ll get back to you…
cforms contact form by delicious:days
