Feb 22, 2024
HSBC, NatWest and Virgin Money changing interest rates
More mortgage providers will increase their rates on new fixed deals on Friday following a series of changes since the start of the year. Higher costs faced by providers to fund mortgage lending means many have raised rates again in recent days. The interest rate on a fixed mortgage does not change until the deal expires, usually after two or five years, and a new one is chosen to replace it. Santander, Coventry Building Society and TSB all raised rates on new fixed deals earlier in the week. Halifax, part of Lloyds Banking Group, is cutting the rates on some of its deals on Friday.
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