Banks 'Use Credit Crunch to Milk Borrowers of £3bn'

Banks were accused of 'milking' nearly £3billion extra cash from homeowners and blaming the credit crunch.
High Street lenders have made the money by raising their mortgage rates and fees over the past year, even though interest rate cuts have made it cheaper for some of them to borrow money.
A new study calculates that the country's five biggest banks - Halifax, HSBC, Barclays, Lloyds TSB and Royal Bank of Scotland - are raking in £2.8billion more from mortgage borrowers compared to last year.

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