This is a kick in the groin for homeowners. It’s bad news for two reasons: firstly, a rise of half a percent in repayment rates equals a 12.5percent rate hike on a 4 percent mortgage. At a time of rising energy prices and food bills, this will hit people hard. Secondly, those borrowers who are already on the verge of falling behind couldbe tipped over the edge or boxed in from being able to remortgage onto a better deal if they’re already in negative equity.
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Home Secretary Theresa May and French counterpart Bernard Cazeneuve call on EU nations to tackle the root causes of the migrant crisis.
Downing Street is likely to confirm that the UK will fund extra security guards at the Eurotunnel perimeter.
Very warm in the southeast tomorrow