Friday, Jun 20, 2008
How many rate rises to Christmas?
Times Online: Halifax makes twentieth change to mortgage rates
Halifax, the UK's biggest mortgage lender, is expected to deliver more woe to homeowners and first-time buyers tomorrow when it raises its fixed rates on loans by 0.5 percentage points.
The move, Halifax’s twentieth rate change since the beginning of the year, will hit homeowners on all levels, including those who hold a high level of equity in their property.
Posted by rental john @ 04:26 PM (338 views) Add Comment
1 Comment
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1. pendulum said...
What else to do if you're undercapitalised in a collapsing market.... turn away business and raise the service charge. Pretend you're trying to help by releasing a few mortgage deals but then pull them within 24hrs "because of the rush". It's payback time.