By Sarah Thompson, Managing Director, Mortgage Scout
The last year has been challenging for borrowers. Mortgage interest rates spiked last autumn following Liz Truss’s disastrous mini-budget, and after a brief dip in the early part of this year, we saw average fixed rates reach more than five times what they’d been just two years earlier.
National Association of Property Buyers urges Bank of England not to hike interest rates “In light of rising energy costs and indeed everything else as we approach winter, we hope interest rates are not increased.” *National Association Of Property Buyers issues SOS to the Bank of England. **They fear interest rate rises may push those ‘just about managing’ over the edge.