Just had a pow-wow with my "Business Relationship Manager" at the bank with the £30bn bail-out.
Whilst he upped my differential between base rate and bank interest rate on my project lending by 0.95% - just about offset by the drop in interest rates, phew - but I suppose I should at least be grateful that a) he didn't ask for the money back; and b) didn't put a 19% differential on, that apparently Barclays and HBOS are doing....eek, 23.5%, that's going to hurt.
Whilst he upped my differential between base rate and bank interest rate on my project lending by 0.95% - just about offset by the drop in interest rates, phew - but I suppose I should at least be grateful that a) he didn't ask for the money back; and b) didn't put a 19% differential on, that apparently Barclays and HBOS are doing....eek, 23.5%, that's going to hurt.
