The UK’s biggest mortgage lender, the Halifax, is expected to raise its standard variable mortgage rate (SVR) from 1 May.
The Halifax said the rise – from 3.5% to 3.99% – was due to the higher cost of raising funds for mortgages from both savers and the financial markets.
On Friday, RBS raised the rate on two of its mortgages from 3.75% to 4%.
This affects 200,000 borrowers with RBS and NatWest offset mortgages and home loans from RBS’s One Account range.
The changes come just a few days before the third anniversary of the Bank of England cutting its bank rate to a historic low of just 0.5%.