Mortgage Strategy - Halifax, BM Solutions, Accord and InterBay push rates up

Lenders continue to announce rate hikes, with Halifax Intermediaries, BM Solutions, Accord Mortgages and InterBay launching higher rates from tomorrow (9 September).

Commenting on today’s price rises, Trinity Financial product and communications director Aaron Strutt says: “We have been waiting for Halifax to raise its rates, I suspect Nationwide will be the next big lender to push up its prices.”

“Many of the rate hikes we have seen so far have been smaller than expected and there are still a fair few two, three and five-year fixes priced between 4.5% and 4.6%, while Barclays still has its 3.99% two-year tracker and other lenders are offering tracker rates that are only marginally more expensive.”

“Hopefully this will be the end of the rate rises for a while, but there are certainly no guarantees. Multiple small mortgage price rises add up and ultimately deter people from buying homes, they also put pressure on the Bank of England to maintain the base rate rather than push it up.”

Click here to read the full story 

peak to a Trinity Financial adviser today

The mortgage market moves fast — and the right advice can make a significant difference to the rate and deal you secure. Get in touch with our team to discuss your options.

Call Trinity Financial on 020 7016 0790 to secure a fixed or tracker rate mortgage, book a consultation, or use our appointment calendar

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Any links to third-party websites are provided for information and convenience purposes only. We are not responsible for the content or availability of external sites

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage