BBC News - Santander ups mortgage rates despite fierce competition

Aaron Strutt Image

One of the UK's biggest banks, Santander, has raised mortgage rates despite fierce competition among lenders in recent weeks.

Santander will nudge up rates by up to 0.20 percentage points on some fixed rate products from Wednesday.

Aaron Strutt of Trinity Financial told the BBC, "While rates are not as cheap as they used to be, they are significantly better than they were.

"We have been saying for a while that rates may start to level off and there may not be many more price reductions for a while, but the pricing improvements keep coming."

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