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Britain’s second-biggest mortgage lender is raising its standard rate, affecting hundreds of thousands of customers. Spanish-owned Santander is to increase the rate from 4.24 per cent to 4.74 per cent.
The cost of the average home will pass a quarter of a million pounds within five years thanks to the Government’s mortgage lending scheme, a report reveals today. The Centre for Economics and Business.
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According to new figures from the Council of Mortgage Lenders, the first-time buyer’s typical loan size was £119,000 in February. With first-time buyers typically borrowing around three times their.
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