HSBC's UK boss has warned that mortgage costs have further to rise but it is 'trying to limit the pain'
The 12 consecutive increases to date have been a main factor behind those rising mortgage costs.
The rising cost of mortgages was also exacerbated by the financial market fallout that followed the Truss government's mini-budget of last September. HSBC, like rivals, is fearful of a growing number of defaults as housing costs further fuel the widerMr Stuart said it was prioritising existing customers though he admitted that it had taken some market share recently as it moves to keep to its promise that its rates would be responsible.
Its broker products are available again and all of its products and rates for existing customers have not been affected.
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