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Mortgage providers hold fire over rates rise

The major mortgage lenders have held back from immediately raising their lending rates despite the 0.25 per cent increase in the base rate by the Bank of England.


Nationwide says: “We have to consider the needs of our savers and our borrowers very carefully.”


The Halifax says it is still reviewing its rates.


The B of E raised rates for the seond time in three months yesterday to 5.5 per cent.

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