Buy-to-let borrowers face fees hike

Thousands of buy-to-let borrowers are facing a steep increase in their monthly mortgage payments after interest rates were increased by 2% despite being linked to the Bank of England rate.

West Bromwich Building Society is hiking rates on some of its tracker loans, affecting around 6,700 customers, in a change which will increase repayments on a £200,000 loan by an estimated £330.
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