In the News - Mortgage providers
Mortgage rates to rise after global financial turmoil
Recent turmoil in financial markets is causing mortgage rates to rise yet again. From tonight, Abbey, the UK's second largest mortgage lender, is to withdraw some of its most competitive lending deals.
Yorkshire Building Society raised its rates yesterday, adding £50 per month to a typical £150,000 mortgage. Other lenders such as Lloyds TSB, Northern Rock and Woolwich are all expected to follow suit.
The news follows reports that new mortgage approvals are at their lowest levels since records began (reported in yesterday's 'In the News').
(Sources: Times Online)
Rate these businesses/organisations:
- Abbey (-1.72
) - Yorkshire Building Society (-.--)
- Lloyds TSB Bank (1.71
) - Northern Rock (1.85)
- The Woolwich (-.--)
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25-Sep-2008 08:10:02
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