This may seem a good deal for some

  Grey Goo 15:47 01 Feb 09
Locked

But in the long run surely it cannot do much to stimulate lending and it may lull people into not thinking about what happens when interest rates rise again. Now where have I heard about that recently?

  Grey Goo 15:48 01 Feb 09

click here
Forgot link, must lay off the afterdinner sherberts.

  GANDALF <|:-)> 15:51 01 Feb 09

These are only for interest only mortgage repayments which means that these customers will get royally financially rogered in the coming years. Interest only payments = huuuuuge storm on the near horizon as any cursory knowledge of mathematics would show.

G

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