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BSA director general slams Halifax

The Building Societies Association has slammed research by the Halifax which claims 52 out of 67 mutuals offer mortgage rates more expensive than High Street banks.

Speaking at the BSA conference in Harrogate, BSA director general Adrian Coles said building societies were in no mood to take lessons from the UK’s biggest lender.

He said: "If Halifax is interested in customer welfare it should switch existing borrowers onto its 6.5 per cent lower variable rate that it uses for new business competition."

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