Barclays to up mortgage rates in December

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Barclays will up its variable mortgage rates by 0.25% on December 1.

Its residential standard variable will be 4.99%, while its buy-to-let SVR will increase to 5.49%.

The Bank of England increased interest rates yesterday for the first time in a decade, from 0.25% to 0.50%.

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Written by: Houseladder