TSB has followed other major lenders in hiking mortgage rates. First-time buyer, mover and remortgage rates are going up by as much as 0.45%. Read this plus all the latest consumer and personal finance news below - and leave your thoughts in the box.
TSB has followed other major lenders in hiking mortgage rates this week - and theirs are pretty big.First-time buyer, mover and remortgage rates are going up by as much as 0.45%.Shared ownership/equity products will rise by up to 0.75%.The lender is also withdrawing some tracker mortgages - and all house purchase and remortgage products without a fee.It follows upward moves from NatWest, Barclays, Accord, Leeds Building Society and HSBC on Monday, and Coventry last week.
US trends often materialise elsewhere - though markets are still expecting a base rate cut from 5.25% to 5% in the UK in June.Ken James, director at Contractor Mortgage Services, told Newspage: 'As lenders scramble for safety, the mortgage landscape appears increasingly grim. 'With swap rates on the rise, lenders are transparent about their need for profit margins, prompting them to hike up their rates accordingly.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alonso will be 'first to raise my hand' if he loses F1 edge at 45Fernando Alonso will be 'the first one to raise my hand' if he feels he's losing his edge as his new Aston Martin Formula 1 deal takes him past 45.
Read more »
Tributes paid to 'kind and dedicated' Mayoress who died at 45Afsheen Chauhan has died at the age of 45
Read more »
Girl, 8, the sole survivor as 45 die in bus crash off South Africa bridge.The bus, carrying worshippers to an Easter festival, fell 50 metres into a ravine say authorities.
Read more »
Girl, 8, the sole survivor as 45 die in bus crash off South Africa bridge.The bus, carrying worshippers to an Easter festival, fell 50 metres into a ravine say authorities.
Read more »
Horror bus crash leaves 45 dead and child, eight, as the sole survivorSouth Africa's Department of Transport alleged that the driver lost control and collided with barriers on the bridge, causing the bus to go over the bridge and hit the ground where it caught fire.
Read more »
Horror bus crash leaves 45 dead and child, eight, as the sole survivorSouth Africa's Department of Transport alleged that the driver lost control and collided with barriers on the bridge, causing the bus to go over the bridge and hit the ground where it caught fire.
Read more »