Five-year fix rises

Friday 20 May 1994 18:02 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

LLOYDS Bank has withdrawn its 7.99 per cent five- year fix. The bank's new five- year rate is 8.39 per cent. Lloyds also has 10-year loans at 9.39 per cent, and 15, 20 and 25 years at at 9.99 per cent. The two-year rate remains at 6.99 per cent.

Abbey National has increased the cost of its fixed rates by more than 0.5 percentage points. It has two rates - one for home buyers and another for remortgages. The four-year rate increases from 7.55 to 8.2 per cent for buyers and from 8.4 to 9 per cent for remortgages.

The Mortgage Business, the Bank of Scotland's lending arm based in Chester, has a fix until March 2000 at 8.25 per cent with no compulsory insurances.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in