{"id":148198,"date":"2024-11-18T23:02:31","date_gmt":"2024-11-18T16:02:31","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rates-creep-up-as-brokers-warn-of-possible-further-pain\/"},"modified":"2024-11-18T23:19:54","modified_gmt":"2024-11-18T16:19:54","slug":"uk-mortgage-rates-creep-up-as-brokers-warn-of-possible-further-pain","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rates-creep-up-as-brokers-warn-of-possible-further-pain\/","title":{"rendered":"UK mortgage rates creep up as brokers warn of possible \u2018further pain\u2019"},"content":{"rendered":"


\nConcerns interest rates will stay higher for longer if official data on Wednesday shows inflation is back above 2% targetThe average cost of a new fixed-rate mortgage is continuing to creep up, data shows, as brokers warn that borrower could face \u201cfurther pain\u201d if the latest inflation data out this week show it has risen back above the Bank of England\u2019s 2% target.Expectations that UK interest rates will stay higher for longer as a result of measures in last month\u2019s budget have prompted many mortgage lenders to increase the cost of their new fixed-rate deals, while the US election result has helped to fuel the volatility. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK mortgage rates creep up as brokers warn of possible \u2018further pain\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Concerns interest rates will stay higher for longer if official data on Wednesday shows inflation...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-148198","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-Cyi","jetpack-related-posts":[{"id":139247,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lenders-including-natwest-cut-rates-after-surprise-inflation-drop\/","url_meta":{"origin":148198,"position":0},"title":"Mortgage lenders including NatWest cut rates after surprise inflation drop","date":"September 21, 2023","format":false,"excerpt":"\r Brokers expect more home loan reductions with offerings at lowest prices for several monthsLeading lenders including NatWest have cut their mortgage rates after an unexpected fall in UK inflation, and brokers are predicting that others will follow suit over the coming days.Banks and financial firms have announced a fresh\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137131,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homeowners-and-first-time-buyers-warned-to-brace-for-5-plus-mortgage-rates\/","url_meta":{"origin":148198,"position":1},"title":"UK homeowners and first-time buyers warned to brace for 5%-plus mortgage rates","date":"May 25, 2023","format":false,"excerpt":"\r Lenders forced to raise fixed-term deals after latest inflation figure pushed swap rates upwardsHouseholds looking for a new mortgage deal have been warned to expect 5%-plus fixed-rate deals in the coming weeks, after Wednesday\u2019s inflation figures sent the money markets back into turmoil.Nick Mendes, mortgage technical manager at brokers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-nationwide-and-coventry-raise-rates-on-fixed-mortgages-amid-middle-east-crisis\/","url_meta":{"origin":148198,"position":2},"title":"HSBC, Nationwide and Coventry raise rates on fixed mortgages amid Middle East crisis","date":"March 5, 2026","format":false,"excerpt":"\r Experts say Iran war could cause energy price shock that pushes up UK inflation, in turn forcing up interest ratesHSBC, Nationwide and Coventry building societies are the first big UK lenders to announce an increase in rates on their fixed mortgage deals as a result of the Middle East\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-been-tough-uk-mortgage-brokers-chase-deals-as-interest-rates-soar\/","url_meta":{"origin":148198,"position":3},"title":"\u2018It\u2019s been tough\u2019: UK mortgage brokers chase deals as interest rates soar","date":"July 25, 2022","format":false,"excerpt":"\r Advisers and banks struggle with demand as buyers chase dwindling number of low-rate mortgagesChris Sykes admits he has spent one too many late nights glued to the screens in his lounge-turned-home office in east London.Efforts to secure favourable mortgages have resulted in considerable overtime for mortgage brokers like Sykes,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hope-for-homebuyers-as-rates-fall-on-uk-fixed-mortgage-deals\/","url_meta":{"origin":148198,"position":4},"title":"Hope for homebuyers as rates fall on UK fixed mortgage deals","date":"July 20, 2023","format":false,"excerpt":"\r Small drops in average rates for two- and five-year fixed mortgages follow easing of inflation rate in JuneBorrowers received a glimmer of good news after average rates on new two- and five-year fixed mortgages fell for the first time since May.News of the small falls came 24 hours after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38241,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-costs-will-rise-but-not-immediately\/","url_meta":{"origin":148198,"position":5},"title":"Mortgage costs will rise, but not immediately","date":"December 16, 2016","format":false,"excerpt":"\r Mortgage costs in the UAE will increase after the US Fed's rate rise and are forecast for further rises next year. But that is unlikley to deter a recovery next year in property prices, particularly in Dubai.The US Federal Open Market Committee decision to raise rates for the the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148198"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=148198"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148198\/revisions"}],"predecessor-version":[{"id":148199,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/148198\/revisions\/148199"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=148198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=148198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=148198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}