LBC/IRN · London Broadcasting Company

Title

Skipton Building Society announces mortgage rate rise

Genre

Interview

TX Date

11 Aug 1992

Year of production

1992

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Duration

00:01:07

Description

Stephanie West interviews Skipton Building Society spokesman John Dawson about a rise in the society’s basic mortgage rate by half a percent to 11.25 percent. The decision is a setback for the UK Government as it attempts to keep down the cost of borrowing to stimulate the housing market - Dawson says this policy is not working.

Contributors

John Dawson; Stephanie West

Keywords

Government; Housing; Interest rates; Building societies; Mortgages (loans); Housing policy; Financial statistics; Skipton Building Society

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