Following the announcement by the Monetary Policy Committee of an increase in the Bank Base Rate, Halifax will be increasing its standard variable rate from 6.50% to 6.75%.
The increase for existing borrowers will come into effect at the same time as the increase in savings rates on 1st September 2006 (full details of which will be announced later this month). Tracker mortgage customers will also see a 0.25% increase in rates, again effective from 1st September 2006.
