Property News in the UK

UK property news and links to various property websites. mortgage news, house price news, interesting properties for sale.

Wednesday, August 09, 2006

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.

Earlier, Northern Rock increased its mortgage rate by 0.25%. Other banks are expected to follow suit soon.

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