UCB 4.79% Variable rate is loan sharking

If Gordon Brown wants, the public to spend more in the economy then these Mortgage rates [UCB is part of NATIONWIDE] that are at least 2% too expensive, have to be forced down by the Government.

Make a Complaint about UCB home loans to the financial ombudsman
Complain about UCB home loans to the bank of England
Finally send your letter of complaint go Gordon Brown

The more complaints the government receive and this includes your Mp who after all are elected by us the Plebeians, then the faster things will be changed..

This is from the UCB website:
http://www.ucbhomeloans.co.uk/existingcustomers/cc1_typesmortgages.html

Variable rate mortgages
Once a Fixed or Tracker rate period comes to an end, the rate of interest you pay on your loan usually changes to the lender’s standard variable rate for that product.

The interest rate you pay on a variable rate mortgage will go up and down over the lifetime of your mortgage – roughly in line with interest rates in the economy.

Its repulsive and deceptive to say the 4.79% is roughly in-line with interest rates…</

Having a variable rate means paying a fair market price for the money you borrow – and you won’t be tied into early repayment terms and conditions.