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HSBC and Coventry raise mortgage rates due to rising funding costs from Middle East tensions and inflation.
HSBC and Coventry Building Society have raised fixed mortgage rates for residential and buy-to-let properties, effective March 6 and March 8, respectively, citing rising swap rates fueled by Middle East tensions and inflation concerns.
The increases follow a spike in funding costs, with two-year and five-year swap rates rising by 6.4 and 6.6 basis points, respectively.
Nationwide also raised selected fixed rates, and other lenders are reviewing pricing, prompting warnings that further hikes may follow.
Experts advise borrowers, especially those nearing the end of fixed deals, to act quickly to lock in rates amid growing market uncertainty.
HSBC y Coventry aumentan las tasas hipotecarias debido al aumento de los costos de financiación por las tensiones y la inflación en Oriente Medio.