Friday, May 11, 2012

Squeeze!

Mortgage giant Halifax raises rates, as borrowers face a leap in costs despite the BoE's base rate freeze

Halifax, Britain’s biggest mortgage lender, yesterday increased its rates, despite the Bank of England keeping the base rate at 0.5 per cent for the 38th month in a row. The bank increased mortgage rates by up to 0.3 percentage points, adding £27 a month to a typical £150,000 loan. Yorkshire, the second biggest building society, is expected to announce similar increases today

Posted by rob @ 08:21 AM (2830 views)
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