U.K. Banks Under Pressure to Start Raising Mortgage Prices
- Swaps used by lenders have risen in the past few weeks
- Repricing could see mortgage rates rise in early-2022: BI
Estate agent 'for sale' boards outside a block of flats in Birstall, U.K.
Photographer: Darren Staples/BloombergThis article is for subscribers only.
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A new era for the U.K. mortgage market is approaching as the Bank of England prepares to raise interest rates, and markets are already shifting rapidly.