“Many people have been holding off taking a new mortgage deal because they expected to get better. This may well happen but it might not be for a while.”
Strutt added it was “likely” that the other big providers will make changes over the coming days given the increase in the cost of borrowing.
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“Halifax is bucking the trend by lowering its rates as its competitors are putting them up,” he added.
Thanks to the Newspage community for sharing their thoughts with FTAdviser.
tom.dunstan@ft.com
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