Sub-4% fixed rate mortgages disappear from the market
Original Article Summary
All of the major banks, including Barclays, HSBC, Lloyds Bank, NatWest and Santander, have increased mortgage rates since the start of March
PropMatch Curated Analysis
Sub-4% fixed-rate mortgages have disappeared from the UK market as all major lenders repriced upward, pushing typical deals back above 5% due to rising swap rates caused by global uncertainty. This threatens expected Bank of England rate cuts and significantly impacts property investor financing costs.
Investor Relevance
Higher mortgage rates directly increase financing costs, reducing investment returns and deal viability. Investors need to reassess acquisition strategies, consider accelerating refinancing decisions, and factor higher borrowing costs into cash flow projections and investment appraisals.
Original Source:
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