BBC - Three major lenders to raise mortgage rates

Aaron Strutt Image

Three major lenders have announced they will raise rates on new fixed deal mortgages on Tuesday.

Nationwide, Santander and NatWest will push up the cost of new deals as uncertainty remains over lending costs.

Aaron Strutt from Trinity Financial told the BBC: "Many people expected the cost of fixed rates to drop rather than increase and these higher rates do put people off buying.

"It would not be a surprise to see more banks and building societies raising rates this week."

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