Skip to content

UK’s Mortgage Borrowers Face Squeeze as Key Rate Nears 6%

  • Average two-year fixed rate is up 1.5 points since Sept. 23
  • Home-loan products available are half the levels of December
Updated on

Follow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter with Allegra Stratton.

Thousands of British homeowners face a squeeze on their finances after the government’s u-turn on its mini-budget failed to arrest a sharp rise in mortgage borrowing costs.