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Wesleyan hike savings and mortgage rates

Wesleyan Home Loans is hiking its mortgage and investment rates following the recent hike of 0.25 per cent in the Bank of England base rate.


Wesleyan has increased its standard variable rate by 0.2 per cent to 6.79 per cent from 6.59 per cent.


The new rate will take effect for new borrowers from September 15 and from October 1 for existing borrowers.


It has also increased the rate on its Cash Mini Isa by 0.25 per cent to 5.5 per cent from 5.25 per cent. This change takes effect from September 14.


Wesleyan senior product manager Lynn Kimmins says: &#34We will continue to provide a fair deal for our customers and this means reacting rapidly to changes in their interest.&#34


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