Wednesday, Aug 09, 2006

Halifax increases mortgage rate

BBC News: Lenders move to up mortgage rates

Halifax, the UK's biggest mortgage lender, has become the latest bank to increase its mortgage rate. The bank's standard variable rate will rise from 6.5% to 6.75%, equivalent to a 15 a month increase on a 100,000 repayment mortgage.

Posted by webmaster @ 12:55 PM (497 views)
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4 Comments

1. Thesqueeze said...

Whose charging you extra! Who .. Who .. Who !

Wednesday, August 9, 2006 01:50PM Report Comment
 

2. uncle chris said...

Hope it's increasing its saving rates too - ching ching !

Wednesday, August 9, 2006 01:57PM Report Comment
 

3. Ianbeale said...

i think the BBC have underercalled the impact of the rate hike here (what a surprise)

interest payable on 100k at 0.25%(the hike) = 250 over a year

250/12 does not equal 15. It equals 20.83

BBC dont you just love em

Thursday, August 10, 2006 09:43AM Report Comment
 

4. inbreda said...

It's about 15 quid more on a repayment mortgage, and about 20 quid more on an interest only mortgage.

Kind of interesting to note that the poor idiots who have maxed themselves out in debt on an interest only deal will actually feel more pain and sooner than others.

Thursday, August 10, 2006 03:51PM Report Comment
 

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