Thisismoney.co.uk - New wave of mortgage rate rises as five high street banks make chunky home loan hikes on the same day

Britain's biggest banks announced a wave of mortgage rate hikes today ahead of the Bank of England's next interest rate decision on Thursday. 

Major lenders including NatWest, Santander, HSBC, Lloyds Bank and TSB all announced increases within hours of each other in a blow for homeowners, as concern grows over the future direction of inflation and interest rates. 

Aaron Strutt, of mortgage broker Trinity Financial, said: 'I can't remember the last time five of the big six lenders hiked their rates on the same day.

'These Santander rates are going to come as a bit of a shock to customers who check today and again on Wednesday. 

'It looks like this Santander rate change means the bank is pulling the last of its sub-5 per cent rates. Santander had a 4.52 per cent two-year fix a few days ago.'

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