The Abbey has recently announced that it will be raising the interest rates on some of its mortgage products as a result of the current turmoil that has hit the financial markets in the UK. The credit crunch, which was sparked in the sub-prime sector in the United States and is now having global repercussions, has affected many lenders, with some withdrawing some mortgage products, some raising the interest rates, and some even going into administration. Read the rest of this entry »
Popularity: 91% [?]