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The Independent UK
The Independent UK
National
Jonathan Kanengoni

More mortgage pain for homeowners as rates rise to highest since Truss mini-Budget disaster

Bank of England Inflation Santander
Getty

Buyers are facing further mortgage turmoil as UK markets react to signs of spiralling inflation, which could cause a knock-on effect for renters.

Interest rates are expected to rise to 6 per cent after wages spiked at a record pace in the latest official figures from the Office of National Statistics (ONS).

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