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The Independent UK
The Independent UK
National
Adam Forrest

Mortgage rates hit seven-month high as homeowners feel ‘intense pain’

Jeremy Hunt Liz Truss France Moneyfacts
PA Wire

Fixed-rate mortgages have risen to their highest level since the torrid aftermath of Liz Truss’ mini-Budget fiasco in the autumn, as homeowners were warned of “intense pain” ahead.

The Bank of England last week raised the base rate to a 15-year high of 5 per cent in a shock move that piled pressure on mortgage payers.

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