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The Independent UK
The Independent UK
Business
Karl Matchett

Rising mortgage rates signal fresh battle for homeowners ahead of Reeves’ Budget

Budget Interest Rates Rachel Reeves Rachel Springall Halifax HSBC United Kingdom

Interest rates on some of the most competitive high street mortgage deals have risen in a fresh blow to homeowners and buyers.

HSBC and Halifax are among the lenders that have raised rates on some of their deals amid a “fraught political and economic climate”, with more expected to follow suit. One expert has urged buyers to “grab” any sub-4 per cent deals before they disappear entirely.

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