Summary
Mortgage lenders held back yesterday, waiting for each other to make the first move after the Bank of England raised its official interest rate by a quarter point to 5.5 per cent, the fourth such move since last August.
If the full-quarter-point is passed on to home-buyers - as it is likely to be in many cases on June 1 - a pounds 150,000 variable- rate or "tracker" repayment mortgage will cost pounds 1,108 a month, according to Halifax, a pounds 24 increase and pounds 97 more than last summer.See the full content of this document
Extract
Lenders Hold Back After Rates Rise Again
Borrowers who have sheltered themselves from risin...
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