Good News or Bad News - The Choice is Yours

Posted on 16 December 2008 by Ray Boulger

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Bank of Scotland are tomorrow adding to their Large Loan range with the launch of a 3 year fixed rate up to 60% LTV at 5.29% with a 0.25% fee with a maximum loan size of £10m. I think this is the first time any mainstream lender has launched a product with a specified maximum loan in excess of £7.5m. For anything in excess of this the rate and fee has always had to be negotiated with the lender on a case by case basis.

If the consumer press report this launch they have a classic good news, bad news choice of how to present it. Will we see headlines like:

Bank of Scotland increase maximum loan size to £10m

OR

Bank of Scotland launch mortgage with a fee of up to £25,000.

Category: House and home, Mortgages, Property market

 

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