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Re: Afraid to ask?

Posted: Mon Nov 10, 2003 8:07 pm
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?

Re: Afraid to ask?

Posted: Tue Nov 11, 2003 2:11 am
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................