The average two-year fixed rate deal has risen above 6.5%, the highest since the 2008 financial crisis.
Average mortgage interest rates are the highest they have been since the 2008 financial crisis, data suggests.
The average interest rate on a five-year fixed rate mortgage has risen to 6.36%, Moneyfacts said, the highest since November 2008. At least 100,000 people per month are coming to the end of their current mortgage deal, and face steep rises in monthly repayments. As well as cutting the number of mortgages available, lenders have also been increasing mortgage rates.Brokers have said there is still demand for mortgages but lenders are wary of being swamped with applications while uncertainty in the economy remains.Eleanor Williams, finance expert at Moneyfacts.co.uk, said the mortgage sector "remains volatile".
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Glasgow paedophile dies in prison three years after being found guilty of rapeWilliam Tucker, 77, was was imprisoned in 2019 for sexually abusing a 12-year-old girl over a four year period at addresses in Glasgow, Fife and Argyll between April 2008 and April 2012
Lire la suite »
Michael Bublé brings 2023 Higher Tour to UK with tickets on sale this weekMichael Bublé has announced his highly-anticipated return to the UK - and he'll be bringing his show to Nottingham
Lire la suite »