Saturday 7 June 2008

Bradford & Bingley increase borrowing cost

Following the lead of the Abbey and Woolwich and then Nationwide, interest rates for mortgages have been increased by Bradford & Bingley.

They will increate rates on their standard residential, buy-to-let and self-certification mortgages by between 0.05% and 0.55%, even though the Bank of England this week kept the base interest rate at 5%.

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