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UK mortgage rates are rising — here's what you need to know

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Monday May 6 2024

Barclays, NatWest and HSBC increased rates on Tuesday and smaller lenders followed suit.

The biggest increases came from Accord, a broker-only arm of Yorkshire Building Society, with some of its residential rates rising by up to 0.4 percentage points according to the broker Trinity Financial.

HSBC increased rates on some of its fixed rate deals by up to 0.24 percentage points, while NatWest customers applying for deals on Tuesday will pay up to 0.2 percentage points more than those who locked in offers the day before.

Barclays increased the rate on its popular five-year fixed deal from 4.93 per cent to 5.03 per cent, available to those with a 15 per cent deposit and £99 fee. A typical £250,000 repayment mortgage over 25 years will

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