The UK is “hurtling headlong into a mortgage disaster”, experts have told The Independent, as average rates neared levels not seen since the turmoil after Liz Truss’s disastrous mini-Budget.
Bracing homeowners for further “pain” if the Bank of England raises its base rate for the 13th consecutive time on Thursday as expected, brokers likened the now “extremely volatile” mortgage market to that seen last September – only this time with “no one to sack”.
