Mortgage interest rates already started going up today amid warnings that Britain's homeowners face soaring payments in the coming year - with brokers advising them to make overpayments now while rates are still low. Barclays said today it was hiking rates by up to 0.35 percentage points on a range of fixed-rate mortgages and Halifax today announced rises of up to 0.20 percentage points on a handful of products from November 1. HSBC also said its rates would go up, and NatWest has increased rates on a range of its fixed deals by 0.1 per cent since Chancellor Rishi Sunak (top left, at Bury Market in Greater Manchester today) spoke yesterday, and TSB said they would be increasing their rates tomorrow. One expert said it was 'another, unwanted squeeze on the family budget', while another said homeowners should get on a fixed rate now, with those on a variable rate expected to feel the impact of inflation the greatest.
Source : https://www.dailymail.co.uk/money/mortgageshome/index.html157