HCBC, Nationwide and Virgin Money have become the first major high street lenders to push through increases in the cost of fixed rate mortgages since the start of the war in Iran.
The hikes will come into force tomorrow across much of their product ranges. Nationwide and Virgin Money said its rates will go up by as much as 0. 25% while HSBC has not disclosed yet the scale of its increases. A smaller lender Coventry Building Society will also raise it rates on Sunday.
