Homeowners should brace themselves for sharp increases in the cost of their mortgages, the Bank of England warned yesterday.
It is a bitter blow for Britain’s 11.2million mortgage holders and comes as a direct result of the chaos in the eurozone.
The crisis is driving up the cost of borrowing for high street lenders in this country – and they aim to ‘restore’ their profit margins by passing on that cost.
No comments:
Post a Comment