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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe and Larry Elliott

UK two-year fixed mortgage rates hit highest level since 2008

Aerial view of terrace homes in Bristol
UK homeowners who are remortgaging will be paying hundreds of pounds more each month. Photograph: Adam Gasson/Alamy

Two-year fixed mortgage rates in the UK have risen to the highest level since the 2008 financial crisis, adding to the pressure on homeowners.

A typical two-year deal has risen to 6.66%, up from 6.63% on Monday, according to the data provider Moneyfacts.

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