Friday 7 March 2008

"Abbey to push rates up 0.3%"

Via Jack C at HousePriceCrash, this is priceless!

Or unaffordable, depending on your point of view.

1 comments:

Simon Fawthrop said...

Its just markets doing what markets do. Mortgages are a widget. A few years ago it was a buyers market and you could squeeze the supplier to get the best deal. Indeed people were positively encouraged to shop around to get the best deal.

Now widgets are in short supply and the price is going up. Buyers are having to persuade suppliers they they will be the best customers for those widgets.

No real surprise really.