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Evening Standard
Evening Standard
World
Jonathan Prynn

Mortgage mayhem: More lenders up interest rates on fixed deals

Interest Rates Bank of England

The cost of mortgages continued their inexorable rise on Tuesday as more lenders upped the interest rates on their fixed-rate deals.

Latest data from analysts Moneyfacts showed the average rate on a two-year fix was up from 5.72 per cent to 5.75 per cent this morning. On a five-year fix they were up from 5.41 per cent to 5.44 per cent.

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