Friday 17 June 2022 11:49 PM Mortgage lenders under fire for hiking the price of fixed deals by double trends now
Friday 17 June 2022 11:49 PM Mortgage lenders under fire for hiking the price of fixed deals by double trends now
Mortgage lenders under fire for hiking the price of fixed deals by double the latest interest rate rise The Bank of England increased rates from 1 to 1.25 per cent on Thursday In two days, around 20 lenders have hiked rates or pulled deals completely L&C’s David Hollingworth said: ‘Rate increases have been a daily occurrence'
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Mortgage lenders have come under fire for hiking the price of fixed deals by up to double the latest interest rate rise.
In an attempt to halt spiralling inflation, the Bank of England increased rates from 1 to 1.25 per cent – the fifth consecutive rise in six months – on Thursday.
A senior Bank official yesterday warned it was prepared to impose more aggressive rate rises if prices continued to surge after admitting it had ‘underestimated’ inflation.
This would mean more bad news for borrowers who have already seen a jump in the
