"Lenders raising rates has started to undermine sentiment in the property market"
Over the past 2-3 weeks, more and more lenders, such as Santander yesterday, have been hiking rates. Newspage asked brokers if this has impacted demand. One, Gary Bush, said “many buyers have yet to latch onto the rate bounce”, while another, Richard Jennings, said: “Our clients say the recent rises in mortgage rates have actually been their call to action over fears they may continue to rise.” Meanwhile, broker Michelle Lawson said: “January saw joy, February fluctuations and, based on the current trajectory, madness will define the mortgage market in March.” Mirroring this, broker Bob Singh commented: “Lenders raising rates has started to undermine sentiment in the property market. Prospective buyers are starting to batten down the hatches again.” The views of a selection of brokers from around the UK are below.
For ease, all, or individual quotes, can be copied.