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Daily Mirror
Daily Mirror
Business
Sam Barker

Martin Lewis calls for banks to allow safe 'mortgage breaks' for hard-up homeowners

Martin Lewis MSE Halifax

MoneySavingExpert boss Martin Lewis is calling for homeowners' credit ratings to be safe if they have to take a break from their mortgage payments.

Mortgage costs have been rocketing since the mini-Budget on September 23. The average interest rate on a new two-year fixed term mortgage is now 6.3%.

That is up from 4.75% at the time Chancellor Kwasi Kwarteng presented the mini-Budget.

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