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The Telegraph - Banks sneak in higher charges for mortgages

Aaron Strutt Image

Banks have passed on higher borrowing costs to homeowners, in some making higher increases than the Bank of England base rate.

Aaron Strutt of Trinity Financial told The Telegraph some borrowers who failed to act quickly on cheap rates would miss the opportunity to lock in the current low deals.

He said: “If you are waiting for details of a property purchase before you lock into a mortgage deal, there is a fair change rate that could be withdrawn or increased in the meantime.

“The super-cheap deals are creeping towards 2pc and it seems prices will only continue to rise this year, especially in light of forecasts by the Bank of England.”

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As seen in
sunday times telegraph financial times bbc news the express the times
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