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.