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UK Mortgage Rates Rise as Lenders React to Inflation and Rate Forecasts

Major UK lenders, including Santander, Nationwide, and Halifax, have raised mortgage rates following unexpected inflation increases, signaling a potential market-wide repricing. Barclays has adjusted its interest rate forecasts, now predicting the Bank of England's base rate will reach 3.5% by February 2026, with no cuts expected in June. The rise in mortgage rates is attributed to climbing swap rates, which have increased by about 0.3 percentage points recently.
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GBR Jack Meaning
Finance & Economy, News Article
15:32 24.05.2025
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