The banks NOT hiking mortgage rates despite huge Bank of England increase
go up by an average of £30.28 a month based on the mortgages currently outstanding, according to UK Finance.We list the major banks and building societies that will not be hiking their rates following the BoE announcement.
But while a fix could save you money now, you could end up paying more later on if interest rates later fall.Building Society has confirmed to The Sun that it will not be passing on the rate rise to its borrowers on SVRs.
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