First Direct have been cutting their SVR in line with interest rate cuts and thus their SVR has fallen from 6.5% to 6% since January.
Now there is news that RBS are cutting rates by .3% and the profiteering Abbey are now following. It appears that an element of competition is returning to the market!!
This could be good news for house prices in a year or two, except BTLs/1 & 2 bed flats of course, which have been over-supplied and over-priced.
4 Bed detached houses will hold up nicely thankyou!!
Now there is news that RBS are cutting rates by .3% and the profiteering Abbey are now following. It appears that an element of competition is returning to the market!!
This could be good news for house prices in a year or two, except BTLs/1 & 2 bed flats of course, which have been over-supplied and over-priced.
4 Bed detached houses will hold up nicely thankyou!!
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