Banks Cash in with Mortgage Price Rises

Summary


THE price of home loans is rising despite bank costs falling to a record low, figures reveal.

Data from the Bank of England showed yesterday that the cost of five and three-year fixed-rate mortgages has increased even though banks are paying less to get the money.

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Extract


Banks Cash in with Mortgage Price Rises

It means that for a Pounds 150,000 home loan, they are making up to an extra Pounds 780 a year on som...

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