We don't like ...

Having watched lenders react to the last two base rate increases we don't like lenders who are taking this opportunity to increase their margins.

Historically, as interest rates fall lenders tend to increase their margins and as interest rates rise we have seen margins decrease. In the current cycle it is worth checking to see whether your own lender has passed on the full base rate increase to you or whether they have gone up by more or less than the Bank of England.

Several lenders have not yet announced their standard variable rates. But of those that have we've already spotted one or two who have increased by more than the Bank. Does that seem fair? And you know who you are!