FT Weekend - UK lenders raise mortgage rates amid warnings over inflation and energy prices

Major mortgage lenders are increasing rates in response to the confirmation in the Middle East, and more are set to follow, experts warn.

Aaron Strutt, product director at broker Trinity Financial, told the Financial Times, "HSBC and Coventry are the first big lenders to announce rate hikes based on the funding costs increases brought on by the chaos in the Middle East. It seems almost certain we are going to see a lot more rate changes over the coming days."

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