Banks Increase Fixed Rates
This is a news story, published by MailOnline, that relates primarily to TSB news.
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rate mortgagesMailOnline
•Five major banks hike fixed rate mortgages - why costs are rising
83% Informative
Santander, TSB , HSBC , Virgin Money and Nationwide Building Society have all announced prices across their fixed rate mortgage deals will rise this week .
Santander has announced increases of up to 0.29 per cent across its residential fixed rates for purchases and remortgages.
TSB increased fixed rates by 0.3 per cent yesterday and TSB will also increase rates.
Around 82 per cent of mortgaged households are on fixed rate mortgages, according to UK Finance .
Borrowers who need a mortgage because their current fixed rate deal is ending, or they are buying a home, should explore their options as soon as possible.
Buyers should compare rates, speak to a mortgage broker and be prepared to act.
Homeowners can lock in to a new deal six to nine months in advance, often with no obligation to take it.
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