Halifax to raise SVR

Masomnia

Surely it's because LIBOR is higher?

ess0two

Graham_Devon wrote: »

Do you see me complaining?

If not, whats your point?

Do you see this as good news ?

You've complained about fuel prices going up,surely in the quest for cheaper housing this is a good thing,after all as a halifax customer yourself you must be a bit p issed about this.

RUN_RABBIT_RUN

a nice little earner for the halifax and no mistake

they'll be raising it again before long i expect - its just the tip of the iceberg, and other banks will be encouraged by this to raise their own rate.

get on a fix now

UKFInotFFP

Halifax - taxpayer funded, RBS/NatWest - taxpayer funded. Think the taxpayer funded banks are representing the taxpayer interest? See "Taxpayer Funded Banks - Doing a Good Job" discussion in Discussion Time forum (sorry cant post links)

julieq

ess0two wrote: »

Do you see this as good news ?

You've complained about fuel prices going up,surely in the quest for cheaper housing this is a good thing,after all as a halifax customer yourself you must be a bit p issed about this.

In Devonomics, paying double the rate for half a house is a GOOD THING providing the price of diesel stays low. So if mortgage interest costs rise and prices fall and remortgaging is impossible then the Devonomics adherent wins big time due to increased muddle in the universe. Muddle is much more valuable than even SILVER.

Meanwhile I just think it's funny that having bayed for rate rises for a long time, Graham is in the small group that's going to suffer from them. Props eh?:rotfl:

JonnyBravo

Masomnia wrote: »

Surely it's because LIBOR is higher?

Oh I'm sure that's what they'd SAY.
Didn't Lloyds just borrow £11bn from the ECB at 1.1%?
Yeah, they're really struggling.
:roll eyes:

ess0two

julieq wrote: »

In Devonomics, paying double the rate for half a house is a GOOD THING providing the price of diesel stays low. So if mortgage interest costs rise and prices fall and remortgaging is impossible then the Devonomics adherent wins big time due to increased muddle in the universe. Muddle is much more valuable than even SILVER.

Meanwhile I just think it's funny that having bayed for rate rises for a long time, Graham is in the small group that's going to suffer from them. Props eh?:rotfl:

Either way its doubtful i'll get a reply from him.

Running_Horse

I hated having Halifax as my first mortgage provided. It was error after error, but back then they were the only serious lender if you were a bit stretched. Moving to Nationwide for my 2nd mortgage was one of the best financial decisions of my life.

Whatever happens to interest rates, those of us on BoE trackers have had it better, and for longer, than we ever dared hope. Anyone with any sense (and memory of the 1990s) will have been carefully putting their finances on a firmer footing.

Graham_Devon

ess0two wrote: »

Either way its doubtful i'll get a reply from him.

I'm not p*ssed off no. That was your question wasn't it?

I know you want me to be. But, I won't lie...I'm not. It was inevitable.

wymondham

It's interesting that this small rise from Halifax is on the main BBC website as a big story as well as front page on Daily Mail and others....... how times have changed, when this sort of thing occured on a monthly basis.....

How many Halifax customers are looking shocked as they witness their very first rate rise on the table - I suspect many didn't even know rates could go up or that it was variable!!