TSB has increased the cost of selected residential and buy-to-let mortgage rates the day before Rachel Reeves delivers her first Budget to the House of Commons, writes Jo Thornhill.

Uncertainty around the changes the Chancellor might announce is causing jitters in financial markets, which has resulted in a rise in the wholesale rates used by lenders when setting their mortgage fixed rates.

TSB is increasing its short-term residential fixed rates, available through brokers, effective from tomorrow (30 October).

 

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