Afraid to ask?

A place to socialise and share opinions with other members of the BGAFD Community.
nosey
Posts: 822
Joined: Fri Jul 14, 2017 2:40 am

Re: Afraid to ask?

Post by nosey »

Have you noticed that if the mortgage rate goes down new borrowers get it straight but current mortgage payers have to wait a month or two for their lower rate but if it goes up thet get clobbered straight away?
jj
Posts: 28236
Joined: Fri Jul 14, 2017 2:40 am

Re: Afraid to ask?

Post by jj »

Could one our Legal Beagles tell me what the status is in UK Law on Usury?
I know our Muslim countrymen forbid it.
17+% on a card, or 25+% in compound on a big loan, certainly sound usurious to me................
"a harmless drudge, that busies himself in tracing the original, and detailing the
signification...."
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