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Mortgage rates rise despite cuts
14 October 2008
Despite last weeks interest rate cut two of Britain's biggest lenders have increased their mortgage rates for new borrowers.
Lloyds TSB is raising the cost of fixed-rate deals by up to 0.34% for people with just a 10% deposit. Nationwide is raising its tracker rates by up to 0.3% from today.
Northern Rock has said that it is not passing on the full 0.5% cut in the official cost of borrowing to its standard variable rate customers.
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