The Halifax has made it's second round of mortgage rate rises in just 9 days, less than a week after the Bank of England dropped interest rates.
These increases add more than £1,000 repayments to a typical £158,100 home loan. Popular deals such as the 2 year fixed rate and a number of tracker mortgages will rise by 0.5%. The 2 year fixed deal was set at 5.72% 2 weeks ago for those with 10% deposits. This was increased to 6.09% last week and again to 6.59% from today.
The Alliance & Leicester also raised rates twice last week - with a fixed rate mortgage going from 4.99% to 5.74% in just three days - the same time as the base rate cut.
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