The Latest Breaking News from Interest Rates

Martin Lewis says ticking time bomb he warned of is ‘now exploding’

The Money Saving Expert reveals what he thinks banks need to do to ease pressure on homeowners as more mortgage deals are pulled

The Independent UK · Jun 20, 2023

Martin Lewis says mortgage ticking time bomb is now exploding

Martin also says that he could not see a Government mortgage rescue package being brought in, as rates continue to rise

Chronicle Live · Jun 20, 2023

Martin Lewis warns mortgage ticking time bomb is 'exploding'

The money saving expert warned of a "nightmare" and said people are going to have to "readjust" their finances

Liverpool Echo · Jun 20, 2023

Bankrate: Why is portfolio diversification important for investors?

Portfolio diversification involves investing in many different securities and types of assets so that your overall return doesn’t depend too much on any single investment. Financial experts often recommend a diversified portfolio because it reduces risk without sacrificing much in the way of returns. In fact, you may ultimately earn…

Tribune News Service · Jun 19, 2023

Westminster is 'hammering home owners and first time buyers', SNP say

The SNP have said Westminster is “hammering home owners and first time buyers” after the Bank of England raised interest rates.

The National (Scotland) · Jun 19, 2023

Government urged to end ‘mortgage horror show’ as average two-year rate tops 6%

Calls for intervention were made as the average two-year fixed-rate mortgage deal topped 6% for the first time this year.

The Independent UK · Jun 19, 2023

Mortgage costs could rise by an average of £2,900 a year for 800,000 people

The Resolution Foundation predicts that the Bank of England's base interest rate could peak at nearly 6% by next year - currently, the base interest rate is 4.5%

Daily Mirror · Jun 19, 2023

‘This is going to sting’: What would a mortgage crisis mean for homeowners and renters?

Current rates of nearly 6 per cent causing equivalent ‘stress’ to double-digit rates of 1980s, Andy Gregory writes

The Independent UK · Jun 19, 2023

Average two-year fixed rate mortgage deal hits 6% for first time this year, as Sunak rules out extra help – business live

Average mortgage rates hit highest level since December, as asking prices for British homes fall in June for the first time in six years

The Guardian - UK · Jun 19, 2023

Sunak rules out mortgage support as he urges banks to help struggling homeowners

PM wants banks to offer ‘bespoke support’ – as average two-year fixed-rate mortgage hits 6% and lenders pull deals

The Independent UK · Jun 19, 2023