Thursday 24 November 2011

Home loan costs soar as euro crisis sees banks hike mortgage rates | Mail Online

Home loan costs soar as euro crisis sees banks hike mortgage rates | Mail Online

Homeowners are facing a toxic combination of spiralling mortgage rates and plunging prices as the eurozone crisis grips the UK.

Banks are hiking the price of home loans as they are forced to pass on increases in the cost of money they use to fund deals.

In some cases, the total cost of a three-year deal has risen by almost £1,300 in the past week.

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