HSBC among the lenders lifting the cost of home loans the day after it reported record annual profit.
House hunters and mortgage brokers have reacted angrily to news that a string of big-name lenders are hiking the cost of home loans, even with Bank of England base rates expected to fall later this year.
The moves from the likes of HSBC, Santander and TSB have been described as a “handbrake turn” and “March madness” for hard-hit consumers, already struggling with the cost-of-living crisis and an economy that has tipped into recession. Experts discuss:
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Link to Original Article: Evening Standard - Mortgage rate rises branded March madness by brokers as banks hike home loan costs