Mortgage lenders still making rate changes
Some of the banks and building societies are still making rate changes even though the scale of the increases has slowed down.
Halifax, Scottish Widows, and Coventry Building Society have announced mortgage rate rises over the last few days.
Most lenders have raised their rates recently following higher-than-inspected inflation figures, which spooked the money markets and pushed up the cost of funding mortgages.
There are still lots of mortgage products to choose from, but frustratingly they are higher than they were.
Aaron Strutt, product director at Trinity Financial, says: "This is when good brokers earn their money because they get applications submitted to meet tight deadlines and secure clients the cheapest possible deals."
Trinity Financial's brokers have been calling our clients to tell them that we need to submit their applications. If borrowers take too long to consider whether they want a specific mortgage, there is a fair chance it will be gone by the time they apply.
Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation
The information contained within was correct at the time of publication but is subject to change
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