Barclays has become the first major lender to raise its mortgage rates after this week’s disappointing inflation figures led to fears that the Bank of England might not cut interest rates until the Autumn
The banking giant announced a number of product changes today, including reducing some rates, but the majority of its changes, especially for new mortgages, were up. It’s the second time in three weeks that Barclays has announced price increases and reductions at the same time.
