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Old 09-17-2009, 01:31 AM
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Post First time buyers charged ?obscene? interest rates

Lenders continue to offer mortgages at an “obscene” rate of interest despite the cost of interbank borrowing falling to a record low.Paul Holmes, chief executive of first-time buyer advice site Firstrung, said lenders have “no excuse” for the rates they are charging.Banks and building societies are simply using record low interest rates to boost their [...]

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