Leading lenders have increased their interest rates once again as the credit crunch continues to impact on borrowers . Natwest is the worst offender, having increased rates by as much as 2.5 per cent, with rates on larger loans subject to a 1.5% per cent hike. Barclays, meanwhile, have raised rates by 0.5 per cent, and withdrawn its best buy loan through its Masterloan brand. Lombard Direct is the other lender to have upped their rates, having made a 1 per cent increase.
However, there are still some good deals on offer, with several banks reducing their rates since the turn of the year. Clydesdale Bank and the Yorkshire bank have decreased rates on loans of £5,000 by 7 per cent.
Lender Increase Loan Rates Again
Lender Increase Loan Rates Again
Thu, 01 May 2008
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