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The Independent UK
The Independent UK
Business
Vicky Shaw

Mortgage rate hikes ‘unwelcome news’ for homeowners as lenders adjust fixed-rate offerings

Moneyfacts Inflation Bank of England Iran Nationwide Building Society
Barclays has confirmed that it will hike some rates from Tuesday - (PA Archive)

Homeowners seeking new mortgage deals are facing a wave of rate increases, with a financial information website warning of "unwelcome news" for borrowers.

Moneyfacts reported that numerous lenders, including First Direct, Coventry Building Society, Yorkshire Building Society, and Nottingham Building Society, have adjusted their fixed-rate offerings upwards.

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