Halifax to raise mortgage borrowing costs

Mortgage Advice, Mortgage News

Published: 9th March 2012
Last Updated: 16th April 2024

But don’t worry we have alternatives for you.
The Halifax is set to raise the cost of its standard variable rate mortgages for customers, despite it being 36 months since the last movement in the Bank of England base rate.
They are the Uk’s largest lender and part of the Lloyds group, which is partly owned by the tax payer.
Halifax will increase its standard variable rate by 0.49% to 3.99% on the 1st of May. This will effect 850,000 customers
We have written to our customers today who have Halifax mortgages, with the news that there are alternative choices, should they wish to change lenders.
If you would like further information, please call and talk to me or one of my team and we would be happy to advise you.

Michael Usher

Michael Usher is a Director of Michael Usher Mortgages Services. Michael Usher founded the company over 30 years ago to provide an honest, friendly service, and it’s this ethos that’s led to thousands of happy customers and countless awards. Michael Usher was born and raised in the Camberley area, and has become a trusted and respected member of the local community. Starting out as an estate agent, Michael then became a financial advisor and founded Michael Usher Mortgage Services in 1993. Fun, friendly and driven in equal measures, Michael is a natural leader who strives to provide an honest and valuable service to his thousands of happy customers. Also a DJ and a sports fan, Michael loves to get involved with local events and support our wonderful charities. You’ll even find him refereeing local football matches from time to time!