The online Halifax team locked
14/05/2007
The online Halifax team, Intelligent
Finance, largest UK lender, are under pressure for cashing through
last week’s interest rate increase.
Halifax, concentrate in mortgages
offset mainly against a borrower’s monthly salary, they
are in a position to rise the SVR rate, standard variable rate.
IF customers will have to start paying the risen interest rate
from Tuesday 14th 2007.
Chase de Vere, Nick Gardner the mortgage
broker, stated: “There is no excuse for lenders using a
base-rate rise to improve their margins, and we see it far too
often. It is not why the Bank of England makes these interest-rate
decisions.”
Mr Gardner simply feels that Halifax’s
customers are being treated unfairly and leaving the Bank of England
to deal with base rates is the fairest option.
A mortgage
holder with example, £400,000 mortgage and £30,000
in savings will be able to notice their monthly repayments rise
by £84 a month, or £1008, 12 months after the interest
rate inflation has been occurred.
Free Mortgage Enquiry
