Israel Iran War · 6 March 2026
UK lenders raise mortgage rates up to 4.49% on inflation fears.
Unsplash / Tierra Mallorca
UK lenders are raising mortgage interest rates due to worries about inflation increasing from the Middle East conflict. Nationwide increased some product rates by up to 0.25% for new applications from Friday, with rates now up to 4.49%. HSBC UK and Coventry Building Society are also increasing their rates. Experts warn continued high energy prices could slow Bank of England cuts, possibly pushing interest rates higher than 4%. Borrowers are advised to secure fixed-rate deals quickly.
Reported by BBC News · How we write briefs