The Business Times
business-time-50

UK two-year fixed mortgage rates close to post ’mini-budget’ peak

google-preferred-sourceAdd BT as a preferred source
Published Mon, Jul 10, 2023 · 04:16 PM
    • Average two-year fixed rates are now at 6.63 per cent, up from 6.54 per cent last Friday and a fraction below their peak of 6.65 per cent on Oct 20.
    • Average two-year fixed rates are now at 6.63 per cent, up from 6.54 per cent last Friday and a fraction below their peak of 6.65 per cent on Oct 20. PHOTO: BLOOMBERG

    A KEY mortgage rate in Britain has risen to within a whisker of a high struck late last year after former prime minister Liz Truss’ “mini-budget”, figures from data provider Moneyfacts indicated on Monday (Jul 10).

    Average two-year fixed rates stood at 6.63 per cent, up from 6.54 per cent last Friday and a fraction below their peak of 6.65 per cent on Oct 20.

    Mortgage rates have climbed sharply in recent weeks as investors increased their bets on how high the Bank of England will raise interest rates to fight high inflation. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    United KingdomMortgages

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The suspension at Manulife comes amid a broader, coordinated crackdown on cross-border wealth channels.

    Manulife pulls loan product for rich Hong Kong clients after scrutiny

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More