As the banks continue to try and get their balance sheets back to profit t- hey continue to drop deposit rates and increase mortgage rates. (As we have seen with BOI UK – they will even increase tracker mortgages when they can .)
KBC have today increased their standard variable rate for new applicants from 4.25% to 4.5% . Buy to let variable mortgages will now be charged at 5.15% instead of 4.9%.
See our updated list of the Lowest Variable Rate Mortgages
It might be time to think about fixing your mortgage if you are worried about variable rates going any higher.
See our list of the Best 5 Year Fixed Rate Mortgages
Note – KBC are also decreasing some of their deposit rates by 0.5% in May 2013