Mortgage Strategy - Halifax and Principality lift mortgage rates by up to 0.14 per cent
Halifax will raise and cut selected fixed-rate mortgage rates by up to 14 basis points on Friday, while trimming others, as Principality Intermediaries also lifts rates.
The country’s largest mortgage lender will raise homemover and first-time buyer products by up to 10bps on some fixes, it said in a broker’s note without giving further details.
Trinity Financial product and communications director Aaron Strutt says: “It does seem like mortgage rates will be going up over the next few days and there may well be a lot of changes over the coming week or two.
“The sub-4% rates we have been used to seeing and borrowers like so much will almost certainly be pulled soon, given how much the cost of funding has increased.
“Borrowers in the process of buying a property or coming up to remortgage should try to secure one of the cheap fixes soon because the lenders do not tend to give much notice that they are pushing their prices up.”
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