Friday August 14, 2020

Tracker options are window dressing in a broken market

Comment: The banks’ true intention is to re-profile loans that would otherwise never be altered.

6th July, 2014

Most of the “move your tracker” options are window dressing when you look at the potential impact on the credit market. Banks are allowing a person to ‘move their tracker’, which shows that you can shift it around, but they wouldn’t let a person ‘sell their tracker’ to a person who wants to purchase their home. This shows the true intention: it is to re-profile loans that would otherwise never change....

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