fintech / news / / Birmingham Live
The moves affect Barclays, HSBC, Lloyds Bank, NatWest and Santander.
Barclays, HSBC, Lloyds, NatWest, and Santander have reduced selected fixed mortgage rates recently.
KEY POINTS
- The Moneyfacts Average Mortgage Rate had its largest monthly increase since July 2023, rising 0.82%.
- Average 10-year fixed mortgage rates exceeded 6% in April for the first time since July 2024.
- Economists now expect the Bank of England base rate to remain unchanged until at least 2027.
- Unrest in the Middle East and disrupted supply chains are now driving recent UK mortgage rate hikes.
COMPANIES
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