Woolwich Also Raises Mortgage Rates

Woolwich, part of Barclay's has announced it will also be raising its interest rates on new fixed-rate mortgages by up to 0.35%, tracker mortgage rates.

This also follows news that HSBC and its online operations First Direct are also raising rates today to borrowers with a small deposit. However, reducing rates for those with a 25% deposit or more. Abbey is cutting its two-year fixed-rate deals for people with a 15% deposit and adding to the number of three and five-year deals. Other lenders are expected to follow suit in the coming days and weeks.


Related Posts
HSBC Raising Mortgage Rates
House Prices Fall 4.6%
£1.12m Fine for Mortgage Lender
Mortgage Approvals at New Low
Question Time Debates Financial Crisis