Jump to content
House Price Crash Forum
Sign in to follow this  

Halifax Hike The Rates Today And Act As Leader For Others To Follow

Recommended Posts


Halifax raises mortgage rates

Press Association
Thursday September 13, 2007 12:13 PM
The UK's biggest mortgage lender has announced it is raising its mortgage rates as banks continue to respond to volatility in the global credit markets.
Ray Boulger, senior technical manager at John Charcol, said there was likely to by an "acceleration" in the trend.
He said:
"This gives some comfort to other lenders who are thinking of moving and didn't want to be first

So many BTLers were expecting IR to fall as the economy got weaker and to find that the opposite is occuring must be dissappointing. Just goes to show how dangerous assumptions about miracle economies can be. When they unwind they can be treacherous.

Share this post

Link to post
Share on other sites
Halifax, which accounts for one in every five mortgages in the UK, is increasing the rate charged on 20 of its tracker mortgages for new customers by between 0.1% and 0.2% from Friday.


Edited by madasafrog

Share this post

Link to post
Share on other sites

Am I alone in thinking that Mr. Boulger's starting to get a wee bit bearish these days?

Are his comments are getting a little more editting than usual, or has be actually stopped finishing every sentance with "no affordability problems, it's a FTB's nirvana, and BTL is still better than printing your own money" (or words to that effect)?

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?

      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.