Mortgage Rates on the Rise: What You Need to Know
The UK mortgage market is experiencing a significant shift, with three major lenders, Nationwide, Santander, and NatWest, announcing rate hikes on new fixed-deal mortgages. This move comes amidst uncertainty surrounding lending costs, following similar decisions by rival lenders last week.
Mortgage rates are on the rise
The impact of these rate hikes will be felt by homeowners and prospective buyers alike, as the cost of borrowing increases. This development is likely to have a ripple effect on the entire housing market, making it more challenging for people to secure affordable mortgages.
Politics and Crime: A Brutal Business
In other news, Humza Yousaf, Scotland’s first minister, has resigned, citing the brutal nature of politics. This sudden departure comes on the heels of a collapsed powersharing agreement with the Scottish Greens, which led to two votes of no confidence in the Scottish Parliament.
Humza Yousaf quits as Scotland’s first minister
Meanwhile, a man has admitted to killing an elderly mobility scooter rider in a motiveless knife attack in west London. Lee Byer, who has a string of previous convictions, stabbed 87-year-old Thomas O’Halloran in the neck and chest in August 2022.
Killing sparks concern over knife crime
More News in Brief
- Two men have appeared in court charged with murder after a torso was discovered in a nature reserve in Salford.
- A 16-year-old girl went missing during an Eton concert and was found dead at Wycombe Abbey school.
- A TikTok prankster has been found guilty of stealing a phone while riding an e-bike.
- Train passengers face more disruption as drivers continue pay strikes.
- The National Crime Agency has issued an alert as the number of young people targeted in sextortion scams has doubled.
Crime scenes and investigations
Stay informed with MortgageWatch for the latest updates on mortgage news, crime, and politics.
