Nationwide raises mortgage costs as Bank of England holds rates of interest

Laith Khalaf, head of funding evaluation at AJ Bell, mentioned: “Mortgage rates have been dropping back in recent months, providing some much needed respite to beleaguered homeowners. This latest decision from the Bank of England might firm up mortgage pricing a bit, but it’s unlikely to have a huge effect. That doesn’t mean there isn’t still a lot of pain in the post this year for mortgage borrowers, as millions will be stepping back through the looking glass from the heady days of near zero interest rates into a much harsher reality.”