HBOS to raise Halifax mortgage rates

The country's biggest mortgage provider HBOS is to raise mortgage rates today and introduce a new pricing band that will raise rates for customers with small deposits. The new pricing band will provide cheaper loans for customers with a deposit of over...

The country's biggest mortgage provider HBOS is to raise mortgage rates today and introduce a new pricing band that will raise rates for customers with small deposits.

The new pricing band will provide cheaper loans for customers with a deposit of over 25 per cent, however.

HBOS, owner of the Halifax brand and provider of one in five UK mortgages, said mortgage rates will also rise.

"There is some pricing upwards but it's very much in line with the market," a spokesman said.

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