Halifax is the latest of several major mortgage lenders to increase rates this week
Britain’s biggest mortgage lender Halifax has become the latest brand to reveal it will increase mortgage rates this week, following a slew of other hikes earlier this week.
HSBC increased several of its two and five-year fixes, while NatWest also upped rates on selected two and five year deals.The rate increases have come because of hikes in Swap rates – the interest banks charge to lend to one another. It followed inflation figures revealed last week showing it was falling more slowly than expected, to 3.2 per cent in March.Nick Mendes of John Charcol brokers explained: “The timing of rate adjustments by any specific lender can vary based on several factors, including whether they managed to secure a significant amount of funding before an increase in Swap rates.
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