Barclays increases mortgage rates twice in a week
UKPulse Money Desk
Barclays has raised its mortgage rates for a second time this week. This follows the withdrawal of over 1,000 mortgage deals below 5% in the past month.
- Barclays has increased mortgage rates twice within a week.
- Over 1,000 mortgage deals with rates below 5% have been withdrawn in the last month.
- Fears of a Bank of England base rate increase are linked to higher inflation and the Middle East conflict.
Barclays has implemented two mortgage rate increases within a single week. This development comes as more than 1,000 mortgage deals offering rates below 5% have been withdrawn from the market over the past month.
Concerns that the Bank of England may raise the base rate are being fuelled by higher inflation, which is reportedly related to the Middle East conflict.