The Latest Breaking News from Jeremy Hunt

Extra help has been announced for struggling mortgage borrowers, following a meeting between Chancellor Jeremy Hunt and banks.

Extra help has been announced for struggling mortgage borrowers after crunch meeting between Jeremy Hunt and major banks

Yesterday the Bank of England upped its base interest rate to 5% and the Money Saving Expert responded by saying that "help was desperately needed"

The Chancellor has agreed measures with lenders in the wake of a Bank of England interest rate hike

Mortgage holders allowed to switch to interest-only for six months without impacting credit score

Chancellor Jeremy Hunt has agreed three key rules with banks and other lenders

It comes after the Bank of England hiked interest rates to 5% - piling mortgage misery on cash-strapped families

In politics there are bad ideas, then there are really terrible ideas and, finally, there are mortgage relief schemes at a time of soaring inflation. Such a policy would, as Chancellor Jeremy Hunt himself has admitted, make the current situation “worse, not better”. And yet, opportunists can sense their moment.

Chancellor Jeremy Hunt and major banks agreed measures on Friday to help ease the pain of rising rates.