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UK mortgage lenders raise rates, costing borrowers £5,000 more

9/8/2026

26 4 Full Breakdown

Summary

Story summary

UK mortgage lenders have raised home loan costs, urging borrowers to seek new deals promptly.
Borrowers ending five-year mortgages may pay over £5,000 more annually on comparable loans.
Moneyfacts analyst Rachel Springall warned that expectations of imminent rate drops are unrealistic.
She advised borrowers not to delay seeking advice as analysts remain uncertain about further rate hikes.

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Story summary

UK mortgage lenders have raised home loan costs, urging borrowers to seek new deals promptly.
Borrowers ending five-year mortgages may pay over £5,000 more annually on comparable loans.
Moneyfacts analyst Rachel Springall warned that expectations of imminent rate drops are unrealistic.
She advised borrowers not to delay seeking advice as analysts remain uncertain about further rate hikes.