UK lenders have begun raising mortgage interest rates as the ongoing conflict in the Middle East has raised fears that inflation will rise and curb further Bank of England rate cuts. Nationwide has increased rates on some of its products by up to 0.25%, while HSBC UK and Coventry Building Society have also said they will increase rates. The increases come after changes to the financial market's view of what the Bank of England will do to UK interest rates. David Hollingworth, associate director at L&C Mortgages, does not expect mortgage costs to skyrocket but said borrowers considering a new fixed-rate deal should try to secure that "sooner rather than later". Nationwide said its rate changes to some of its two, three, five and 10-year fixed rate products would apply to all new mortgage applications from Friday. Those products include its mortgages for first-time buyers, new and existing customers who are moving, those who are remortgaging and people switching. When setting mortgage rates, lenders are heavily influenced by a financial market measure called "swap rates" which reflect the market's view of which direction the Bank of England's interest rates will go. A Nationwide spok
Mar 6, 2026 → Mar 22, 2026
Yet another cost of living crisis looms with fuel, food, holiday, energy and home loan prices expected to rise Here we go again. For Britons it has been a rollercoaster few years and just as better times seemed ahead the country has been…
Read original at The Guardian →3 updates from 2 sources over 2 weeks.
Yet another cost of living crisis looms with fuel, food, holiday, energy and home loan prices expected to rise Here we go again. For Britons it has been a rollercoaster few years and just as better times seemed ahead…
Read original at The Guardian →Deficit rises unexpectedly to £14.3bn in February as stock markets slide amid fears that Iran war will escalate UK government borrowing costs have reached their highest level since 2008, while financial markets now…
Read original at The Guardian →UK lenders have begun raising mortgage interest rates as the ongoing conflict in the Middle East has raised fears that inflation will rise and curb further Bank of England rate cuts. Nationwide has increased rates on…
Read original at BBC →What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.
Yet another cost of living crisis looms with fuel, food, holiday, energy and home loan prices expected to rise Here we go again. For Britons it has been a rollercoaster few years and just as better times seemed ahead the country has been…
View source →Deficit rises unexpectedly to £14.3bn in February as stock markets slide amid fears that Iran war will escalate UK government borrowing costs have reached their highest level since 2008, while financial markets now expect up to three…
View source →UK lenders have begun raising mortgage interest rates as the ongoing conflict in the Middle East has raised fears that inflation will rise and curb further Bank of England rate cuts. Nationwide has increased rates on some of its products…
View source →Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary
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