The Times - Eight big lenders raise mortgage rates

Homeowners are facing higher mortgage payments after eight leading lenders put up mortgage rates. 

NatWest, Santander, HSBC, Lloyds, Barclays, Nationwide, Halifax and TSB all increased rates this week in response to the rising cost of borrowing. 

Aaron Strutt from the mortgage broker Trinity Financial said: “There have been a lot of mortgage price hikes this week and some lenders have pushed up their rates a fair bit. We are at the stage where some of the banks have put their rates up twice this week, which is quite unusual. The mortgage market is going through yet another period of instability.

“There are still two and five-year fixed rates available well below 5 per cent but they are rapidly disappearing.”

Click here to read the full story £

Speak 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