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Halifax and Nationwide push up mortgage rates

Following on from Abbey National, Halifax and Nationwide have announces they are also raising their standard variable mortgage rate by 0.25 per cent.


The Halifax rate will rise to 7.24 per cent from 6.9 per cent with immediate effect for new customers and from December 1 for existing borrowers.


Nationwide has pushed up its rate to 6.7 per cent from December 1.


The Bank of England raised interest rates by 0.25 per cent to 5.5 per cent last week.

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