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Abbey bumps up mortgage rate

Abbey National has become the fourth of the big lenders to raise its home loan rates by 0.25 per cent.


The move follows last week&#39s 0.25 per cent interest rate raise by the Bank of England and the hiking of variable rates by Halifax, Nationwide and Cheltenham & Gloucester.


Abbey says the rate for savers will rise at the same time as borrowers rates on February 1, but would not confirm how much the saver&#39s rates would increase.

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