Halifax "misleading borrowers" on the tracker mortgages
13:14
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That consumers, lobby group attacked in Halifax to suggest that mortgage customers could get lower interest rates if they took a tracker mortgage. These loans usually have interest payments linked to the official rate of the Bank of England.
But as the discount rate has amounted to a record low of 0 5pc since last spring, any further reduction is unlikely.
A page on the site Web of Halifax said: "If you want to take advantage of interest rates if they descend a tracker rate mortgage could be perfect for you agreement."
Dominic Lindley who? said: "considering the probability of abandonment more rate base, we believe it is highly misleading to Halifax to push its loans mortgage tracker in this way."
A Halifax spokesperson said: "" having website informative clearly to our clients is important.Les information concerning loans mortgage tracker are correct and point at levels ranging up to as well as the. ""
She added: ", given the current interest rate environment, we will look at modifying this page to be more considerate this as soon as possible."
Halifax is part of Lloyd banking group ' S part-nationalised Bank.
