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Evening Standard
Evening Standard
Business
Jonathan Prynn

Property market recovery 'put on pause' by mortgage rate hikes warns Knight Frank

United States Bank of England Santander Donald Trump
Santander’s fixed rates are heading up hill - (PA)

A leading property expert warned that the housing market recovery will be put “on pause” by the rash of mortgage rate hikes by lenders since the Budget

The comments came as Santander has become the latest major lender to hike its fixed mortgage rates after the City downgrade its expectations of Bank of England cuts following the Budget and election of Donald Trump as the next US President.

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