Mortgage charges: Common two-year repair now above 6%

Mortgage rates: Average two-year fix now above 6%


Expectations that interest rates will stay higher for longer have been reflected in the funding cost of mortgages, hitting new borrowers, and those trying to remortgage. Lenders have been pulling deals and putting up rates at short-notice, while some have been inundated with demand and so forced to pull or raise rates again.