Barclays and Halifax customers told to act with ‘extra charges from today’

Dariusz Karpowicz, director of Doncaster-based Albion Financial Advice, said the pattern of recent weeks was becoming difficult to ignore. He said: "The pattern of the last few weeks is hard to miss: lenders raising rates, SONIA swaps drifting up, and global uncertainty feeding both. Barclays moving a 4.66% two-year fix to 4.91% is the mild version of what is coming. "Nothing on the horizon suggests relief, and that is the worry. If swaps hold where they are, today's pricing will look generous by November. "Anyone within six months of their deal ending should secure something now and review again before completion. Waiting for a better rate that never arrives is the costly option."