Reason behind Yorkshire building society mortgage rates cut?
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Written on: 19.01.2010 [11:21]
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Sabrina
Sabrina
Topic creator
Posts: 4
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There seems to be some new Yorkshire building society mortgage rates at the moment and I am wondering whether others will follow. It seems that they cut their fixed rate mortgage last week to 3.19% - their lowest ever fixed rate mortgage. I thought the economy was improving, why are they cutting their rates? Isn’t this a stupid move on their part? Will others be following the trend also? |
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Written on: 25.01.2010 [18:52]
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Cahill
Cahill
Posts: 2
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I don’t think it’s a stupid move, they no their business and will not have just decided to cut rates just like this. I am sure there must be a sensible reason for it, not just cus they felt like it, even if the economy is increasing. |
| Also very interesting: | |
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Written on: 27.01.2010 [11:45]
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Vani
Vani
Posts: 1
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Of course there is a reason for it, and it is because the economy is on the rise that they are doing so. People will start buying houses again and they need to give a good rate in order to be competitive with other lenders. |
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Written on: 27.01.2010 [16:26]
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Zachary
Zachary
Posts: 6
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Both Coventry and Woolwich Building societies have cut their mortgage rates too so I think it is a marketing trend and they are definitely trying to be competitive. There is hope for us yet 
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