…By Henry George for TDPel Media.
Joining Halifax, TSB, Lloyds, Santander, and leading building societies have also raised the costs of their mortgage products once again.
Rob Gill from Altura Mortgage Finance highlighted the significant gap between Halifax’s rates for purchases and remortgages, as well as the considerable rise in product transfer rates for existing clients.
He cautioned that if core inflation remains high or rises further, interest rates and SWAP rates will likely continue to climb, potentially pushing fixed rates to reach 7% by the end of the summer.