Submitted on Monday 5th March 2012
Published on Wednesday 7th March 2012
Current status: Closed
Closed: Thursday 7th June 2012
Signatures: 11
Mortgage Rate Increase March 2012
For the Government to step in and block banking institutions raising prices not inline with the BOE rates in times of austerity.
Saying a loud NO to banks profiteering...
Some banks are increasing mortgage interest rates with others surely to follow suit after gauging the level of public outcry.
The customers are supporting banking through its bad times and now they repay us by raising mortgage rates to cover their greedy loses.
Bonuses still remain high.
Savers rates wont benefit this is purely an overhead recovery to maintain profits.
Incomes will become more squeezed which inturn leads to less consumer spend/confidence pushing the UK back into recession by the institutions who put us in the current mess. Will they ever learn?
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