They could reduce the variable rate to 0% in theory - nobody can avail of it right now, but their APR would look amazing....Can we draw some conclusions from the variable rate being close to their fixed rates at the lower LTVs? This would seem to be significantly different to the strategy offered by the incumbents.
I thought that Avant were part of a strategic initiative by Bankinter by matching certain long term liabilities?
You regularly ignore the most basic fact about banking - financial products and just lump everything into one big pot, which of course it is. When you start with a basic misunderstand you can end up anywhere.Hi Itchy
You should ask first of all "Why do all banks except Avant have variable rates higher than their fixed rates?"
It makes no sense in a market where rates are expected to rise.
So Avant's roll-off variable rate (which is purely theoretical at the moment) is normal. The rest are out of step.
Brendan
You regularly ignore the most basic fact about banking - financial products and just lump everything into one big pot
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