Bank Rate: lenders set to raise SVRs
Many lenders are set to increase standard variable rates (SVRs) despite Bank
Rate being kept on hold.
Please consider:
Lenders fail to pass on mortgage interest rate cutsTwo thirds of lenders have not cut their variable mortgage rates two weeks after the Bank of England dropped its benchmark interest rates new figures show. ...
Major lenders cut mortgage ratesSome of the biggest UK mortgage lenders are quick to announce a reduction in variable rates after the latest Bank rate cut. ...
Lenders urged to lower mortgage rates as banks’ borrowing costs edge towards Bank of England rateBanks’ borrowing costs have edged towards the Bank of England’s rate for the first time since before the credit crisis. ...
Mortgages: more lenders raise standard variable ratesTwo more lenders have increased the standard interest rate charged on mortgages despite the fact that the Bank of England has left official rates unchanged since March last year. ...
Mortgages: more than quarter of SVRs are 5pc or higherMore than a quarter of all mortgage lenders charge at least 5 per cent on their standard variable rates, equating to ten times the official Bank Rate. ...
