Page 7 - Standard Variable Rate News Today

Last week the Bank of England’s Monetary Policy Committee voted to increase the base rate to 3.00%. In this we have listed the change in mortgage rates by some of the UK’s best-known mortgage lenders since the base rate decision.

Ipswich Borough Council's David Ellesmere on Liz Truss and Kwasi Kwarteng's mini-budget and its fallout.

Corinavirus mortgage frequently asked questions

Following the chancellor’s budget, 26,288 mortgage borrowers across East Devon & Mid Devon are expected to be hit by a “monster”…

Liz Truss vowed to press ahead with her controversial economic plans - despite Tory warnings that the fallout from her mini-Budget could hand Keir Starmers Labour the next election.

Mortgage panic is deepening as families fear that they will default on soaring repayments and lose their homes amid warnings of a 15 or even 20 per cent fall in house prices.

Hard-pressed homeowners can use MailOnlines mortgage calculator to see how much their monthly repayments will soar by if interest rates rise to seven per cent.

Nationwide became the flender to hike its fixed-rate deals yesterday, with the banks two-year rate rising to 5.59 per cent - more than double the 2.54 per cent it was offering three months ago.

Mortgage panic is deepening as families fear that they will default on soaring repayments and lose their home  amid warnings of 15 per cent fall in house prices as lenders pull 1,000 deals in a day.

Terrified homeowners have already begun putting their properties back on the market following seven interest rate rises this year, amid fears it could climb to 6 per cent in the first half of 2023.