🏘️ Mortgage lenders rush through immediate rates rises following Bank of England decision
, with brokers warning that deals are becoming more expensive by the day.
SVR mortgages from Santander, NatWest and Nottingham Building Society have all been risen in line with the Bank’s 0.5 percentage point increase this week. In addition, NatWest, HSBC, Santander and Coventry Building Society have announced plans to up rates on their fixed deals within the next few days.
While some of these changes were made immediately after the Bank’s decision, other lenders had made the changes earlier in the week after the financial markets priced in the likelihood of a 0.5-.0.75 percentage point increase.
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