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Evening Standard
Evening Standard
Emma Magnus

Londoners see buying power crash as mortgage rates remain high

London Zoopla United Kingdom Richard Donnell

Londoners have seen their buying power plummet more than anywhere else in the country thanks to rising mortgage rates, new research from Zoopla shows.

The average five-year fixed mortgage rate is around 4.8 per cent today for a new 75 per cent Loan-to-Value (LTV) mortgage, up from below 4 per cent in January.

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