Summary
STANDARD Life Bank has become the first mainstream lender to raise its standard variable mortgage rate in response to the global credit crunch.
It said the rate would increase by 0.15 per cent to 7.46 per cent or 7.66 per cent, depending on the loan to value of the mortgage.See the full content of this document
Extract
Lender Hikes Mortgage Rate and Others Could Follow Suit
It is rare to see a mortgage lender increase its standard rate without there being a Bank of England base rate change - and analys...
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