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Comment: Why banks pay us to go away

June 28th, 2009

Did your bank or building society contact you this week offering to knock £25000 off your mortgage? Sadly mine didn’t either.

Please consider:
‘Customers pay’ as banks rebuildBanks and building societies are trying to rebuild their profits at the expense of customers, according to a finance website. ...
Coventry Building Society offers ‘negative equity’ loans of up to 125pcBritain’s thirdlargest building society is offering a new mortgage deal to borrowers who are in negative equity but need to move home. ...
Mortgage lenders cuts rates post Skipton shockTwo big High Street lenders last night reduced their mortgage rates, offering possible alternatives to hard-pressed Skipton Building Society customers still reeling from news of a big increase in their mortgage payments. ...
Skipton defends mortgage increaseSkipton Building Society denies wrongdoing after breaking a pledge not to raise mortgage rates to more than 3% above the Bank of England base rate. ...
Building society in rescue dealThe UK’s oldest building society, the Chesham, agrees to be taken over by the Skipton building society. ...

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