Expert
Loan News
21 February 2008
Cheaper Homeowner Loan Deals on the Horizon!
Following the recent Bank of England interest rate falls in
response to the slow down in the economy, it is widely expected that
secured loan lending rates will fall at some point during the next 4
months although there is some controversy about this.
Before the credit crunch, most of the banks and other lenders
appeared to instantly respond to the Bank of England changing
interest rates, not any more! Why? Quite simply global banking
institutions are not lending to each other as they did in the past,
therefore, borrowing money comes at a premium.
For those looking to secure loans on their assets, the earliest
predictions for an economic upturn are not likely until the last
quarter of this year, so it is widely expected that further interest
rate cuts prevail at home in the UK and in America, with the result
that some lenders may respond with lower homeowner loan rates to try
and attract customers and increasing their lending books.
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