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Aug 14, 2006
Halifax is set to
increase its standard variable rate from 6.50% to 6.75% following bank base
rate adjustments recently announced by the Monetary Policy Committee.
According to Halifax,
the increase for existing borrowers will take effect on September 1, 2006, the
same time as the increase in savings rates. In addition, the mortgage firm
warns tracker mortgage customers that they will also see a 0.25% increase in
rates effective September 1, 2006.
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