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Evening Standard
Evening Standard
World
Susannah Streeter

OPINION - ‘Worrying spike in mortgage costs but markets could turn for the better’

Inflation

The rug is being pulled from under the feet of homeowners and potential buyers who had been counting on interest rates being close to their peak but now face the prospect of fresh spikes in the cost of mortgages.

Mortgage borrowing plunged in the first three months of 2023, and approvals for the coming months have been dropping too.

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