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The Guardian - UK
The Guardian - UK
Business
Alex Lawson and Richard Partington

Sunak says no extra help with mortgages as fixed rates climb to 6%

The government has faced calls to help homeowners as more than 2.4m fixed-rate deals are due to expire by the end of 2024.
The government has faced calls to help homeowners as more than 2.4m fixed-rate deals are due to expire by the end of 2024. Photograph: Murdo MacLeod/The Guardian

Rishi Sunak has ruled out extra help for UK homeowners struggling to pay soaring mortgage costs, as the average two-year fixed-rate loan rose above 6%.

The prime minister said the government should “stick to the plan” to halve inflation in its attempts to tackle the cost of living crisis, despite growing pressure on the Conservatives as households across the country face a surge in borrowing costs.

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