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Eurozone crisis may affect mortgages, brokers say
mystic_trev
Posts: 5,434 Forumite
Mortgage rates could start to rise again as a result of the turmoil in the eurozone, brokers are warning.
Some lenders, including Woolwich, Halifax and Santander, have pushed up their tracker rates for new borrowers.
This increase follows a rise in the rate at which banks lend to each other - Libor - which has been inching higher amid worries over the eurozone crisis.
http://www.bbc.co.uk/news/business-15677498
Libor is important because it shows the cost of funds," Mr Boulger said.
"But the other question is what funds are available."
His concern is that as the eurozone crisis gets worse, the supply of mortgages in the UK will start to shrink again. That could have a serious effect on the housing market.
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