The lender is raising the cap on its SVR to 4.25% – despite base rates at 0.5% and quantitative easing at £325bn. Halifax is already a convicted sinner as far as customers of its standard variable rate mortgages are concerned. When the lender said last week it would raise the cap on its SVR to 4.25%, it shocked some customers, but for many it was more of the same scandalous rate manipulation of old. Last year the regulator forced the bank to pay £500m to 300,000 customers after it had failed to reduce its SVR mortgage rate in line with the slide in Bank of England base rates. It was entitled to limit reductions after it removed a cap that restricted the SVR to 2% above base and replaced it after a year hiatus to 3%. But all this was in the small print and fooled thousands....Read more here--: Halifax: a repeat rate offender