http://www.glitec.co.uk/2008/12/borrowers-may-start-to-see-rate-cut-benefits/ Loans, Mortgages and Debt Help Sat, 06 Mar 2010 15:09:30 +0000 http://wordpress.org/?v=2.8.6 hourly 1 http://www.glitec.co.uk/2008/12/borrowers-may-start-to-see-rate-cut-benefits/comment-page-1/#comment-667 colin jones Tue, 07 Jul 2009 19:03:03 +0000 http://www.glitec.co.uk/?p=464#comment-667 the banks may look as though they are trying to be sensible but in reality they have forced so many people over the last few years to take out base rate swaps as part of any loan agreenment that they are coining the money in now and recouping thier loses through the back door, so many small and medium size businesses with low interest rate loans ie 1.5 - 1.75% are being blackmailed into having to re-adjust thier loan terms to suite the banks either in the lenght of time or it would seem more likely, as I am experiencing on the rate of interest that was my agreed base rate at 1.75 above base - the bank will not reduce my repayments to 2.25% on the premise that when the rate go up they believe I would have become used to the lower rate and wouldnt be able to afford the higher rates, but on the other hand they are deducting the interest of the base rate swap at the full ammount, if you know what this is all about please reply many thanks colin jones the banks may look as though they are trying to be sensible but in reality they have forced so many people over the last few years to take out base rate swaps as part of any loan agreenment that they are coining the money in now and recouping thier loses through the back door, so many small and medium size businesses with low interest rate loans ie 1.5 – 1.75% are being blackmailed into having to re-adjust thier loan terms to suite the banks either in the lenght of time or it would seem more likely, as I am experiencing on the rate of interest that was my agreed base rate at 1.75 above base – the bank will not reduce my repayments to 2.25% on the premise that when the rate go up they believe I would have become used to the lower rate and wouldnt be able to afford the higher rates, but on the other hand they are deducting the interest of the base rate swap at the full ammount, if you know what this is all about please reply many thanks colin jones

]]> http://www.glitec.co.uk/2008/12/borrowers-may-start-to-see-rate-cut-benefits/comment-page-1/#comment-630 Margaret Simmonds Sat, 04 Jul 2009 13:43:09 +0000 http://www.glitec.co.uk/?p=464#comment-630 What about First Plus?????????????? They have failed to reduce rates and their customers are struggling, me being one. We are terrified that when rates start to go up they will increase rates inline with Bank of England rates, something they say they do not look at, funny every increase BOE have made has been applied but no reduction has been passed on. They are just ebng allowed to fleece the public and no-one is making them accountable. First plus customer are needing help. What about First Plus?????????????? They have failed to reduce rates and their customers are struggling, me being one. We are terrified that when rates start to go up they will increase rates inline with Bank of England rates, something they say they do not look at, funny every increase BOE have made has been applied but no reduction has been passed on. They are just ebng allowed to fleece the public and no-one is making them accountable. First plus customer are needing help.

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