Halifax, Britain's biggest mortgage lender, has raised rated for the second time this month as the crisis in the credit markets grips the wider economy.
The lender plans to hike the rates by as much as 0.5% from tomorrow.
Holy Hell. Talk about pouring petrol on a house fire! Half a percent hike in mortgages just sneaked out in an after business hours statement.
I can just hear the summer holiday budget evaporating...
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