Financial news categories
Financial news archive
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
Tracker Mortgage Rise from Abbey
05 November 2008
A rise of 0.5% has been made by Abbey on their tracker mortgages for new customers. This comes as the Bank of England is expected to cut rates this week. The interest decision will be made at midday GMT on Thursday.
Abbey said that it is responding to similar moves by its competitors. Abbey has recently cut some of its fixed rate deals.
Researchers have criticised mortgage lenders who have so far not passed on last month's Bank of England interest rate cut from 5% to 4.5%.
Around 30 lenders have not yet passed on the 0.5% cut to their customers on standard variable rate (SVR) mortgages. Of those that have passed on the reduction, 34 have not passed on the full amount.
Search for the best UK Mortgages
