Halifax advert on last night showing “We’ll pay half of your council tax bill” – now is this one of the banks that had to have a bail out not so long ago?

If they don’t attract new customers then eventually we would have to bail them out again or let them collapse completely. Now that they are hopefully being more careful who they give credit to they are going to have to find other deals to attract customers.

So, taxpayers money will be used to pay HBOS customers’ Council Tax bills?

That’s not **** right at all!

My council tax bill is 4 quid a month this year. £2 a month isn’t much incentive to move my mortgage!

They’re charging a comfortable 5% above current base on a fixed rate mortgage, with a 2.5% product fee if you only have a 10% deposit. But they’re giving a £1,000 cashback towards your Council Tax bill. It’s peanuts, and a minor incentive to attract customers. On a £250,000 mortgage that makes the product fee approximately six times what the market rate was for a similar mortgage only 18 months ago.

They are not pissing money up the wall with this offer. 🙄

RudeBoy – Member

So, taxpayers money will be used to pay HBOS customers’ Council Tax bills?

Eh?

Look – it’s quite simple. You either nationalise the Banks and let HMG run them (really?) Or you let them deal in the free market. If you agree to the latter, you have to let them operate in a way in which they can still get customers.

That offer is a complete rip off – disguised as a freebie.