Times Money outlines a week of turmoil in the mortgage market
James Edgar, The Times
April 1
RBS: Selected 2 year fixed rate mortgages increased by 0.50 per cent. Variable tracker rate increased by 0.80 per cent.
Bank of Scotland: Selected rates for self-certification increased by up to 0.50 per cent.
First Direct: Stopped taking applications from new customers. In recent weeks it received five times the usual volume of applications. First Direct's two-year fixed rate mortgage was one of the most competitive on the market.
March 31
Cheltenham and Gloucester: Selected trackers available through direct business increased by up to 0.20 per cent. Selected trackers available through Intermediary business increased by up to 0.35 per cent. Selected Fixed rates available through intermediary business increased by up to 0.17 per cent.
Chelsea BS: 2 year fixed rates increased by 0.20 per cent. Trackers increased by 0.35 per cent.
Cumberland BS: 5 year fixed rates increased by up to 0.20 per cent.
Yorkshire BS: Variable trackers for 2 years and for term increased by up to 0.25 per cent. Selected offset fixed rates increased by 0.1 per cent
Co-operative Bank: Selected trackers increased by up to 0.15 per cent .
March 28
Progressive BS: Discounts and Trackers increased by xx
Nationwide BS: 2 year trackers increased by 0.57 per cent. Trackers for term increased by 0.51 per cent. 2 year fixed increased by 0.20 per cent.
Standard Life Bank: 5 year fixed rates increased by up to 0.49 per cent. Trackers for term increased by 0.40 per cent
Hinckley & Rugby BS: Selected variable tracker rates for term increased by 0.56 per cent.
RBS: Two year fixed rate mortgages increase by up to 0.20 per cent.
First Active: Discounted variable rate for 2 years increased by 0.25 per cent.
Norwich & Peterborough BS: Discounted variable rates increased by 0.75 per cent. Base rate trackers increased by up to 0.50 per cent
March 27
Abbey: Fixed rates for 10 and 15 years increased by 0.05 per cent and selected tracker rate increased by 0.45 per cent.
Intelligent Finance: Variable tracker rates increased by up to 0.50 per cent. Fixed rates increased by up to 0.35 per cent.
March 26
Heritable Bank: Fixed rate mortgages for self cert increased by up to 0.25 per cent.
http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article3666371.ece
Wednesday, 2 April 2008
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