Bradford & Bingley (B&B) has today raised mortgage rates for new borrowers.The lender, which funds one-quarter of the UK buy-to-let market, blamed the increased cost of borrowing on the money markets for hikes of between 0.05% and 0.55% on its range of loans.The move comes despite yesterday’s decision by the Bank of England to keep [...]

More: Bardford & Bingley raises interest rates

That seems a bit hypocritical. How come they are allowed to do this? The mortgage market is already having so many problems I don't think higher rates will help people pay off their mortgages any better.