DANISH BANK LAUNCHES WORLDS FIRST NEGATIVE INTEREST RATE MORTGAGE

DANISH BANK LAUNCHES WORLDS FIRST NEGATIVE INTEREST RATE MORTGAGE

A DANISH BANK HAS LAUNCHED THE WORLD'S FIRST NEGATIVE INTEREST RATE MORTGAGE

Negative interest rates effectively mean that a bank pays a borrower to take money off their hands, so they pay back less than they have been loaned.
While no one is predicting negative interest rates on UK mortgages, banks have begun cutting rates on fixed-rate deals.
"Right now, for deposits we don't have a negative interest rate.

A Danish bank has launched the world’s first negative interest rate mortgage – handing out loans to homeowners where the charge is minus 0.5% a year. Negative interest rates effectively mean that a bank pays a borrower...

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Article ID: 309860 Date: 13th August, 2019 Social Shares: 2877
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