NatWest pushes up mortgage rates as banks turn screw | Personal Finance | Finance
NatWest has joined rivals in pushing up the cost of new fixed-rate mortgages despite the Bank of England’s decision to cut the base rate by a quarter point to 4.75 percent.
The decisions come against the background of the October budget which experts believe means inflation and interest levels will be higher than previously expected.
Other finance giants are also set to increase rates in the coming days including Virgin, The Clydesdale Bank and The Mortgage Works.
David Stirling, Independent…
