More than a million home owners will see the cost of their mortgage payments rise from today.The majority of those affected are Halifax customers, who could typically find themselves paying nearly £200 extra a year, following a series of recent rate rise announcements from lenders.
The Co-operative Bank, Clydesdale Bank and Yorkshire Bank are also among those raising rates, blaming the weak economy and the increased cost of funding a mortgage.
Fears have been raised that people could struggle to switch to a better deal as lenders have already started tightening their borrowing criteria, triggering a fall in the proportion of mortgages being approved.
More top news
Breezy and bright with some showers.
Thirteen people have been confirmed dead and 80 are in hospital after the terror attack in Las Ramblas.
At least 13 dead and 80 injured after van ploughs into crowds in Barcelona.