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flag Nationwide and Virgin Money raise mortgage rates March 13, 2026, due to rising inflation, Middle East tensions, and swap rates, increasing costs for borrowers.

flag Nationwide and Virgin Money are raising mortgage rates by up to 0.2% and 0.21% respectively, effective March 13, 2026, following recent hikes by NatWest, Barclays, and others. flag The moves, part of a rapid series of rate increases over a week, are linked to rising Middle East tensions, inflation concerns, and higher swap rates. flag Borrowers on a £150,000 mortgage could face an extra £360 per year. flag The average fixed-rate mortgage now stands at 5.04%, with two- and five-year fixed rates also rising. flag Some lenders, like TSB, are cutting rates, while others have withdrawn or repriced products. flag Experts warn of continued volatility and urge borrowers to lock in rates quickly amid growing affordability challenges.

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