‘And so it begins’ - Mortgage lenders kick rates back up amid Middle East crisis

“For weeks, the direction felt obvious: rates were falling, a Bank of England cut looked nailed on and everyone got comfortable,” Dariusz Karpowicz, director at Albion Financial Advice.

“Then geopolitical risk reminded us that comfort is temporary. Coventry and HSBC repricing is likely the first domino, not the last. The real question is whether this is a blip or a shift.”