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Mortgage costs rise as banks confirm higher rates

Source: BBC

Barclays said it had increased "most, but not all rates" this week. The rate for a two-year fixed deal with a maximum loan of £570,000 is up to 5.76% from 5.66% last week, while the equivalent five-year fixed rate is up to 5.00% from 4.90%.Leeds Building Society also upped its rates for some products. Two-year and five-year fixed rates rose from 4.39% to 4.54% and 4.54% to 4.69%. According to financial…

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