Thisismoney.co.uk - Mortgage rates back on the rise? Three more major lenders hike home loan prices

Mortgage rates are back on the rise, as three major lenders hiked the interest on their home loans today. Nationwide Building Society is upping rates by 0.19 percentage points, while Virgin Money is increasing them by to 0.15 percentage points. Santander is making smaller increases of up to 0.07 percentage points.

Aaron Strutt of broker Trinity Financial told Thisismoney.co.uk that Nationwide's increases down to a flurry of customers at the beginning of the year, which may have proved unsustainable. These Nationwide rate hikes are probably the biggest we have seen for a while but the building society has been topping the best-buy tables with some really cheap deals so no doubt it has been pretty busy,' he says.

'The major banks and building societies had such a busy start to the year that the sheer volume of rate cuts and criteria changes was always going to slow down.'

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