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We all knew this was happening, but not to the extent that we are being ripped off more than anywhere else in the world !
So who should be protecting us from this one ? FSA? Bank of England? . . . .
The study by consultancy Autonomous Research found that British banks add more to mortgages than anywhere else, and twice as much as in the US, Germany and France.
On average they add 2.5% to the cost of borrowing before they lend it to customers. This equates to roughly £120 a month on the average £150,000 loan.
This is an alarming increase from the period between 2004 and 2007, when the UK margins were just 0.19 points.
http://www.walletpop.co.uk/2010/09/2...-in-the-world/
you have to be regesiered with Autonomous Research to obtain the actual study . . . but they dont appear to give any means of regerstering!
So who should be protecting us from this one ? FSA? Bank of England? . . . .
The study by consultancy Autonomous Research found that British banks add more to mortgages than anywhere else, and twice as much as in the US, Germany and France.
On average they add 2.5% to the cost of borrowing before they lend it to customers. This equates to roughly £120 a month on the average £150,000 loan.
This is an alarming increase from the period between 2004 and 2007, when the UK margins were just 0.19 points.
http://www.walletpop.co.uk/2010/09/2...-in-the-world/
you have to be regesiered with Autonomous Research to obtain the actual study . . . but they dont appear to give any means of regerstering!
