Housing round up: More Standard Variable Rate increases and house prices fall

Housing & mortgage round upIn this week’s housing round up we look at another rise in a lender’s Standard Variable Rate and bring you figures from the latest Halifax house price survey. Finally we highlight research from Unbiased.co.uk which shows some of us have an alarming lack of interest in our mortgage. More lenders increase their Standard Variable Rate The Clydesdale and Yorkshire Bank are the latest mortgage lenders to announce an increase to their Standard Variable Rate (SVR). 30,000 mortgage customers of the two ...

Warning issued over Standard Variable Rate mortgages by Which?

Higher interest rates aheadWhich? has warned that many people with Standard Variable Rate (SVR) mortgages will face financial difficulty when interest rates rise. A lender’s SVR is the interest rate that a mortgage moves on to after an introductory deal has come to an end. Around 40% of homeowners are currently paying their lender’s SVR. Rate cuts New research by Which? Money shows that 95% of mortgage lenders failed to fully pass on the cuts in Bank of England Base Rate we have seen over the past three years. The ...