Financial Times FT.com

Borrowers hit by steep rise in home loans

By Sharlene Goff and Jean Eaglesham

Published: July 10 2009 23:00 | Last updated: July 10 2009 23:00

Some of Britain’s biggest lenders have pushed up sharply the cost of popular fixed-rate mortgage deals, in defiance of ministers’ calls for more competition to revive the housing market.

Banks rescued with billions of pounds of taxpayer money are among those that increased interest rates on Friday or withdrew deals.

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