Friday 23 September 2011

Mortgage rates 'could rise' as eurozone crisis threatens to become credit crunch 2011 | Mail Online

Mortgage rates 'could rise' as eurozone crisis threatens to become credit crunch 2011 | Mail Online

A freshly brewing credit crunch could push Britain's rock-bottom mortgage rates upwards, borrowers are being warned.

Private bank Barclays Wealth today became the first lender to make a major move, pushing its best tracker rates up by as much as 1.5 percentage points for new borrowers.

Brokers say ripple effects from the eurozone sovereign debt crisis could see even High Street banks pull some of their top deals in the coming weeks.

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