Barclays and TSB hike customer fees with account holders ‘caught in crossfire’

Dariusz Karpowicz Director at Albion Financial Advice said: "This might come from the uncertainty about not only the outcome of the election but also the lack of major policies announced relating to the housing market. It seems like the topic is taking a backseat to discussions about potholes and whether Sky TV is affordable. "Uncertainty always has a negative effect on markets. This mid-election campaign rate hike indicates that lenders are bracing for potential economic shifts and instability. Borrowers are caught in the crossfire of political and economic uncertainty, making it crucial to stay informed and agile in managing their mortgage decisions. "Let's hope for some clarity and positive movement in the coming weeks to steady the market."