Those higher rates will come without fresh government support, as the Prime Minister this morning said there will not be extra help for people struggling to make payments.
According to new data from Moneyfacts, the rate for a two-year fix surged from 5.98 per cent on Friday to 6.01 per cent this morning.
It is the highest rate since the aftermath of Kwasi Kwarteng’s disastrous mini-Budget last autumn, when rates skyrocketed to peak at 6.65 per cent.
Five-year rates were also up from 5.62 per cent to 5.67 per cent.
Buy-to-let rates rose even faster, with two-year rates up from 6.21 per cent to 6.3 per cent and five-year rates up from 6.17 per cent to 6.23 per cent, meaning renters and landlords will likely pay more too.
Diese Geschichte stammt aus der June 19, 2023-Ausgabe von Evening Standard.
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Diese Geschichte stammt aus der June 19, 2023-Ausgabe von Evening Standard.
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