Lenders increase some of their fixed rate mortgages
Mortgage lenders have started to increase the price of their fixed rates in response to strong demand from borrowers and funding pressures.
Nationwide Building Society was the most high profile lender to make changes this week after raising its market leading ten-year fixes by up to 0.4%.
In a note to brokers, Skipton explained their rates were being changed due to unprecedented demand and Accord Mortgages pulled all of its five-year fixes. Platform also announced some of its leading rates will be increased by 0.15%.
During the last three months of 2014 some 82% of new mortgages we taken on a fixed basis and the average rate was 3.26%.
If you would like help to scure a leading mortgage rate, call Trinity on 020 7016 0790.
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
