As experts warn of “extreme volatility” in the mortgages market, the current uncertainty around property payments is causing concern for many homeowners and renters.
With the Bank of England repeatedly raising interest rates in response to stubborn inflation, the average rate of a two-year mortgage topped 6 per cent this week – as analysis suggests that someone seeking a £200,000 mortgage could now be asked to pay over £300 more per month than a year ago.
