Barclays, BT, Santander, and Nationwide have been making significant moves in the mortgage market in response to the recent rise in inflation. Barclays has cut mortgage rates, indicating that the inflation rise hasn't stopped the price war. BT broadband is scrapping annual price rises linked to inflation. Santander became the first 'big six' lender to raise mortgage interest rates following the shock rise in inflation, while Nationwide has slashed its mortgage rates by up to 0.81% and dropped its cheapest mortgage interest rate to an eight-month low. Santander has also put up mortgage rates just five days after cutting them and withdrawn some deals. The actions of these major lenders reflect the impact of inflation on the mortgage market, with fierce competition and adjustments in rates and deals.
Santander raises mortgage rates and withdraws deals for first-time homebuyers after inflation rise https://t.co/rs1gpaPWRM #Santander #mortgage #interestrates #inflation
Nationwide cuts mortgage rates: Lender now offers sub-4% deal https://t.co/yQ46bimTaN https://t.co/4uCwdiMZ50
Santander ups mortgage rates despite fierce competition https://t.co/lEyQOBgzf6
UK's largest building society brings down its cheapest mortgage rate to eight-month low Read more 🔗 https://t.co/5lZucgZ964
Nationwide drops cheapest mortgage interest rate to 3.84% Read more 🔗 https://t.co/fVBHsYD9ow
Bonds. Just when you thought it was safe to go back in the water. Santander puts up mortgage rates just FIVE days after cutting them https://t.co/b0eDB4ubtZ via https://t.co/EVJzoqXHLa
Nationwide slashes its mortgage rates by up to 0.81% https://t.co/aRvcROnRi4
Santander puts up mortgage rates just FIVE days after cutting them https://t.co/YL7D23eEil https://t.co/IdKA1RayAD
BREAKING: Major lender increases mortgage rates and withdraws some deals 🔗Read more: https://t.co/jWWMM3UWgg https://t.co/lCoeGSzsYn
Santander has become the first “big six” lender to raise mortgage interest rates this year, following last week’s shock rise in inflation https://t.co/zfavs202x6
BT broadband scrapping annual price rises linked to inflation ...but there's bad news about your next bill https://t.co/QbgctH0l4c
Barclays cuts mortgage rates again in sign inflation rise hasn't stopped price war https://t.co/KcEOaajbZa