The Telegraph - Interest rates: Cost of fixed-rate mortgages start to rise

Aaron Strutt Image

The cost of fixed-rate mortgages has started to rise as lenders prepare for an interest rate hike later this year. Borrowers looking to fix their loan are being urged to act quickly to secure the best possible rates, as lenders replace their current range of deals with slightly higher rates.

Aaron Strutt of brokerage Trinity Financial said: “Companies such as Lloyds Banking Group and National Australia Bank Group own a lot of British high street banking brands, so once the decision is made to raise rates, it quickly spreads across a host of lenders.”

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