NatWest Mortgage Rates Rise Again as UK Rate-Cut Hopes Crumble
NatWest Group will raise mortgage rates for existing customers and additional borrowing from March 10, following recent hikes for new borrowers. Barclays, Halifax, and Santander are also increasing rates, while some smaller lenders have withdrawn products. The average UK two-year fixed mortgage rate rose to 4.84% this week. Mortgage approvals in January fell to a two-year low, according to Bank of England data.