Mortgage lenders still pushing up prices

by Aaron Strutt

Apr 05 2022

Banks and building societies have continued to increase the cost of their fixed mortgage rates. 

Halifax has made some of the largest rises to its first-time buyer and home mover products, raising them by up to 0.41%, while its remortgage rates increased by 0.39%. 

HSBC has increased its mortgage rates by 0.3%, and NatWest has raised some of its mortgages by 0.4%. Accord for Intermediaries is also pushing up the cost of 63 of its mortgages by up to 0.3%.  

Aaron Strutt, product director at Trinity Financial, says: "Mortgage lenders have been steadily increasing their prices since the Bank of England base rate increases. While fixed rates are much more expensive than they were, they still offer good value for money, especially for the lower deposit mortgages. 

"The margin between two and five-year fixes has reduced to the point where the rates are nearly the same with many lenders. This is something we are not used to seeing."  

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation