Friday, September 26, 2008

Banks and building societies are raising their fixed rates, with some deals being increased by up to

Homeowners face paying an extra £450 a year as lenders rush to raise mortgage rates

Billions of pounds have been put into the Bank of England’s overnight low-interest ‘ standing deposit facility’ – a sign of its nervousness. Although this was £9.5billion on Monday, it had fallen to £5.9billion on Tuesday, and just £35million on Wednesday.

Posted by big chris @ 06:08 AM (509 views)
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