logo
welcome
MailOnline

MailOnline

Five major banks hike fixed rate mortgages - why costs are rising

MailOnline
Summary
Nutrition label

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.

VR Score

82

Informative language

78

Neutral language

71

Article tone

semi-formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

11

https://www.landc.co.uk/destination/partners/thisismoneyhttps://m.facebook.com/sharer.php?u=https://www.thisismoney.co.uk/money/mortgageshome/article-14072297/Three-major-banks-hike-fixed-rate-mortgages-costs-RISING-Bank-England-cut.html?ito=facebook_share_article-belowrelatedarticles&t=Five+major+banks+hike+fixed+rate+mortgages+-+why+costs+are+risinghttps://share.flipboard.com/bookmarklet/popout?v=2&title=Five major banks hike fixed rate mortgages: Why are costs RISING after the Bank of England cut?&url=https%3A%2F%2Fwww.thisismoney.co.uk%2Fmoney%2Fmortgageshome%2Farticle-14072297%2FThree-major-banks-hike-fixed-rate-mortgages-costs-RISING-Bank-England-cut.html%3Fito%3Dflipboard_share_article-tophttps://www.landc.co.uk/destination/partners/thisismoney-cb2cta2https://www.landc.co.uk/destination/partners/thisismoney-cb2cta1https://www.landc.co.uk/destination/partners/thisismoney-cb1cta2https://twitter.com/intent/tweet?text=Five+major+banks+hike+fixed+rate+mortgages+-+why+costs+are+rising%20https://thismon.ee/a/14072297%20via%20@ThisIsMoney&related=ThisIsMoneyhttps://share.flipboard.com/bookmarklet/popout?v=2&title=Five major banks hike fixed rate mortgages: Why are costs RISING after the Bank of England cut?&url=https%3A%2F%2Fwww.thisismoney.co.uk%2Fmoney%2Fmortgageshome%2Farticle-14072297%2FThree-major-banks-hike-fixed-rate-mortgages-costs-RISING-Bank-England-cut.html%3Fito%3Dflipboard_share_article-bottomhttps://www.landc.co.uk/destination/partners/thisismoney-cb1cta1https://m.facebook.com/sharer.php?u=https://www.thisismoney.co.uk/money/mortgageshome/article-14072297/Three-major-banks-hike-fixed-rate-mortgages-costs-RISING-Bank-England-cut.html?ito=facebook_share_article-bottom&t=Five+major+banks+hike+fixed+rate+mortgages+-+why+costs+are+risinghttps://m.facebook.com/sharer.php?u=https://www.thisismoney.co.uk/money/mortgageshome/article-14072297/Three-major-banks-hike-fixed-rate-mortgages-costs-RISING-Bank-England-cut.html?ito=facebook_share_article-top&t=Five+major+banks+hike+fixed+rate+mortgages+-+why+costs+are+rising

Affiliate links

no affiliate links