Interest rate boost for housebuilers

Aug. 9, 2005
The Bank of England's decision to cut interest rates has given housebuilders a welcome boost in troubled times. Mortgage lenders reacted quickly to the news, eager to avoid criticism of profiteering at the expense of borrowers. The country's largest mortgage lender, Halifax, speedily announced a 0.25% point reduction in its SVR to 6.5%, effective from September 1. The cut will …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register