Eurozone worries may hit mortgage rates

Adrian Holliday

The eurozone crisis has entered a dangerous new phase, which could see Britain's mortgage borrowers hit. The latest three month inter-bank lending rate - known as 'Libor,' the rate at which banks lend to each other - has smashed through the 1% ceiling. This rate is now 1.004%, up from 0.998% yesterday. The highest level since 2009. Could this raise affect you?