How the UK Interest Rate Rise Will Affect Your Mortgage
- The average five-year mortgage rates breached 4% this month
- Some lenders increased rates this week ahead of BOE decision
Photographer: Darren Staples/Bloomberg
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UK lenders are expected to hike mortgage prices in quick response to the Bank of England’s decision to raise rates by the most since 1995, the latest headwind for the country’s slowing property market.