Barclays increases rates across mortgage and remortgage deals

Dariusz Karpowicz, director at Albion Financial Advice: “This is a surprising, if not bizarre move from Barclays, and doesn’t follow the recent trend.

“Perhaps Barclays has already met their quotas for this quarter?

“While other lenders are cutting rates, Barclays’ decision to hike their purchase and remortgage deals by around 0.25% will leave brokers scratching their heads.

“It’s a curious twist in the current market dynamics, and it certainly adds a new layer of unpredictability to the mortgage landscape.

“Let’s hope this is just a temporary blip and not a sign of things to come.”