The Times - Home loan costs raised to cope with new checks
Banks and building societies are increasing the cost of home loans to deal with the fallout from new rules aimed at curbing reckless lending, The Times can reveal.
Some lenders are increasing rates to deter applicants while they deal with the new regime, Aaron Strutt, of the broker Trinity Mortgages, said. "Some of NatWest's rates have increased by 0.4 percentage points which is quite a hike. Once a few lenders up their rates the others aren't normally far behind. Rates are likely to increase further over the coming weeks".
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April 26, 2014
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