Money Partners increases rates

With effect from Wednesday September 24 2008, all Money Partners interest rates will increase by 0.75% and lender completion fees by £750.

Money Partners has advised its introducers that existing rates and completion fees will cease to be available from close of business on Tuesday September 23.

Mortgage offers issued on the existing rates remain valid until the offer expiry date.

Martin Gilsenan, sales director at Money Partners, says: “Our new pricing structure reflects recent sharp increases in interbank lending rates.

“It is also a response to price rises already announced by some of our competitors, and is consistent with our stated policy of balancing business inflows against funding availability.”