Santander and TSB plan to increase mortgage rates by up to 0.22% and 0.25%, respectively.
Santander and TSB are set to raise some mortgage rates, with increases of up to 0.22 percentage points for Santander and 0.25 for TSB. Despite recent declines in mortgage rates, the lowest five-year fix currently stands at 3.79%. Experts suggest that further reductions are unlikely without significant economic improvements. Factors influencing these changes include borrower demand and economic sentiment, particularly related to Sonia swap rates.
October 14, 2024
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