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Evening Standard
Evening Standard
Business
Jonathan Prynn and Nicholas Cecil

Mortgage bills soar by £1,100 in London in just two weeks as Trump's Iran war rocks UK economy

United States Dan Tomlinson London Moneyfacts Petrol

Donald Trump’s Iran war has piled more than £1,000 on the average annual two-year mortgage in London in just two weeks, according to a new analysis.

The cost of home loans has jumped as the oil crisis, triggered by Iran effectively closing the Strait of Hormuz, hiked projections for inflation and hit hopes of more Bank of England interest rate cuts.

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