BBCNEWS BBC News at Six June 4, 2024 17:07:00
It's stoked concern that the bank of england will have to continue to raise interest rates for longer to try to reduce inflation. our business correspondent, marc ashdown, is here. nationwide is among lots of mortgage lenders who are putting their rates up. for new borrowers and those looking to re—mortgage, the average deal on the market for a two—year fixed—rate mortgage is now 5.35%. for a longerfive—year deal it's 5.02%. that's bad news for anyone looking for a mortgage deal, like self—employed blacksmith ian in dorset. it looks as though our repayments are going to be an additio...