Halifax Is Blasted for Mortgage Rate Hikes

The HeraldNovember 26, 2010

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Summary


BRITAIN'S biggest mortgage lender has been branded "cheeky" for ramping up rates for new customers in the wake of a massive taxpayer bail-out that saved it two years ago.

Halifax, part of the Lloyds Banking Group, has set a new standard variable rate with no cap for new customers.

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Extract


Halifax Is Blasted for Mortgage Rate Hikes

While existing borrowers will pay interest of 3.5% on current st...

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