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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

‘It’s been tough’: UK mortgage brokers chase deals as interest rates soar

Chris Sykes United Kingdom Interest Rates Bank of England David Hollingworth John Cronin Nicholas Mendes LC Mortgages Nationwide
Terrace properties in South Bristol
Average UK house prices reached a new record of £271,613 in June, according to Nationwide. Photograph: Christopher Jones/Alamy

Chris Sykes admits he has spent one too many late nights glued to the screens in his lounge-turned-home office in east London.

Efforts to secure favourable mortgages have resulted in considerable overtime for mortgage brokers like Sykes, who has been chasing a dwindling number of low-rate deals for clients this year.

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