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Rates rise on UK mortgages as lenders look to infl

2022-04-05

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Rates rise on UK mortgages as lenders look to inflation fallout - Today News Post Today News || UK News

Mortgage lenders put up rates across a swath of home loans this week, in the latest sign of expectations of inflation-driven rate rises to come at the Bank of England.

Santander, NatWest, TSB, Royal Bank of ScotlandMeanwhile: Ontario schools are to remain closed until further notice following this week, Virgin Money, Yorkshire Building Society, Accord and the Co-operative Bank were among lenders to lift mortgage rates by as much as 0.6 percentage points across a selection of residential loans.

Santander added up to 0.5 percentage points to interest rates on a number of its mortgages, leaving its cheapest two-year fixed rate loan for those with a deposit of 25 per cent at 1.89 per cent, with a fee of ￡999quickly discovered that details were vague. Yorkshire Building Society raised rates across its range by as much as 0.63 percentage points.

Aaron Strutt1,126,136 resolved, product director at mortgage broker Trinity Financial, said lenders were “anticipating another base rate rise” but also coping with high demand for mortgages for purchase and remortgage as home movers and borrowers attempt to lock in low rates.