The i - Why Santander, NatWest and other mortgage lenders are upping rates
Santander and NatWest are among a swathe of mortgage lenders that are increasing rates this week.
NatWest increased the rates on some of its fixed home loans by up to 0.2 percentage points on Wednesday. Santander is raising some residential and buy-to-let rates by up to 0.07 percentage points from Thursday.
Aaron Strutt, product and communications director at Trinity Financial, said: “Swap rates have been edging up and we have been expecting a few price hikes. The news on government borrowing costs won’t fill the money markets with confidence either.”
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