The Middle East conflict has had a string of knock-on effects in the UK, including for homeowners who are now facing higher bills.
Those who were closing in on a new house purchase, or renewing their deals on current property, would have been hoping for an interest rates cut by the Bank of England (BoE) in March or April, as was widely expected. Instead, a hold for now is on the cards – and swap rates, which mortgage deals are actually priced on, have soared.
