Halifax, Britain’s biggest mortgage lender, yesterday increased its rates, despite the Bank of England keeping the base rate at 0.5 per cent for the 38th month in a row.
It is the latest in a round of rate hikes that has seen the cost of the best new mortgages rise substantially in just a few months, with around 0.5 per cent added to top deals.
The bank increased mortgage rates by up to 0.3 percentage points, adding £27 a month to a typical £150,000 loan.
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