Halifax, BM Solutions, Virgin and Nottingham BS hike rates

Dariusz Karpowicz, director at Albion Financial Advice: “The atmosphere in the mortgage market is rather grim, with major players like Halifax, BM Solutions, Virgin, and Nottingham Building Society repeatedly raising their fixed rates. “This pattern of frequent rate hikes, sometimes occurring multiple times within a week, is casting a shadow over market sentiment. “The anticipated ‘Spring Bounce’ is nowhere in sight; instead, we’re witnessing a continuation of mortgage woes. “Higher rates are expected to dampen buyer enthusiasm and potentially delay any positive momentum. “As for when borrowers can expect relief, it hinges on broader economic stabilisation. For now, the outlook remains cautious and subdued.”