The i - Mortgage deals ‘could hit 5% in weeks’ as lenders hike rates over Middle East conflict
Tags: Press Commentary, The i
Homeowners are being urged to fix a mortgage deal now as more major lenders increase their rates in response to the Middle East conflict with experts warning they could rise to as high as 5 per cent over the next few weeks.
Aaron Strutt of brokers Trinity Financial said: “TSB is putting its rates up by 0.5 percentage points which is a big price hike. Market conditions are clearly getting more serious now and unfortunately we do not know when this is going to end.
“Any borrowers holding off locking into a new deal or selecting a new product transfer rate shouldn’t be because rates are likely to keep rising for a while."
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