The Telegraph - Biggest lender withdraws tracker mortgages as rate rises loom
Britain’s biggest mortgage lenders, Halifax and Lloyds, have stopped offering tracker deals to their customers, saying they are not able to offer competitive products as a rate rise looms.
Aaron Strutt, of brokerage Trinity Financial, told The Telegraph that the basic choice of a fixed or variable-rate product should be offered to all customers. “Many of our clients like having a choice of rates and trackers are still popular with some borrowers,” he said.
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June 7, 2014
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