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flag Barclays and HSBC raise mortgage rates, adding £288 to yearly payments for some homeowners.

flag Barclays and HSBC have increased their fixed mortgage rates by about 0.2%, making annual mortgage payments £288 more expensive for some households. flag This comes as NatWest cuts rates, creating a confusing market for homeowners, especially those with expiring fixed-rate deals. flag Experts warn that sub-4% mortgage deals may become rare, advising borrowers to seek professional advice due to rising funding costs and market uncertainty.

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