6.66% is a road to hell
Mortgage costs soaring to a 15-year high are crippling home buyers, when the rate on a two-year fixed deal has surpassed even the peak in the aftermath of the Tory disaster that was Liz Truss.
The average 6.66 per cent rate is stinging in part because the Bank of England, with the backing of Rishi Sunak and Chancellor Jeremy Hunt, is hiking interest rates to curb inflation.