Mortgage brokers were baffled today by a series of price moves in both directions, including two of the UK’s ‘big six’ lenders raising some rates at the same time they lowered others.
Santander and Coventry Building Society cut the interest rates on a number of fixed-rate products, while Accord increased its own rates. That may be a sign that lenders may have differing views of the future outlook for the Bank of England’s own interest rates. Experts Discuss:
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Link to Original Article: The Standard - Mortgage shock as two major lenders raise interest rates on some products while cutting prices on others
