Santander latest to up mortgage rates as 'sticky inflation' worries rise
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Banco Santander has increased its mortgage rates due to concerns over persistent inflation, following warnings from the Bank of England's chief economist. The rate hike affects new buyers and remortgage customers, with specific increases for buy-to-let rates.
November 12, 2024 | 3:15 pm
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Banco Santander has increased its mortgage rates due to concerns over persistent inflation, which may impact its financial performance and stock price.
The increase in mortgage rates by Banco Santander is a response to inflation concerns, which could affect its financial performance. However, the direct impact on the stock price is uncertain as it depends on broader market reactions and economic conditions.
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