Santander hikes variable rate 0.5%

Press Association
Santander
Santander

Mortgage costs for thousands of borrowers will jump from Wednesday when one of the country's biggest lenders hikes its standard variable rate (SVR).


Santander's 0.5% rise to 4.74% will result in an average increase of £26 a month - or £312 a year - for a typical £100,000 mortgage.
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