The Times - End of the sub-4% mortgage rate looms as banks pull more than 600 deals

Mortgages at less than 4 per cent are fast disappearing as banks and building societies get ready for a year of rising interest rates and inflation.

Conflict in the Middle East has triggered a global economic fallout, ending hopes of falling interest rates this year. The number of mortgages on the market has fallen from 7,603 on February 27 to 6,972, according to the analyst Moneyfacts.

Aaron Strutt from the broker Trinity Financial told The Times: “While this was expected it’s a bit of a blow because NatWest has been consistently offering cheap mortgages for quite some time.” Strutt said brokers were expecting more banks and building societies to increase their rates this week so anyone in the market for a mortgage should lock in a new rate as soon as possible.

He added: “We are not at the stage where mortgages are outrageously expensive, but while the turmoil in the Middle East continues rates may keep rising.”

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.

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