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BBCNEWS The Daily Global June 4, 2024 18:56:00

Temporarily withdrawn mortgage deals. 630 fewer on the market now than a month ago. as they hike the interest rate charged for that that is extra bad news for the one and a half million homeowners whose fixed rates and this year. deals signed at a time when interest rates were closer to zero. this is an increase of many hundreds of pounds per month overall, especially for many who ve signed two year fixes in the pandemic stamp duty holiday and are coming to an abrupt end right now. house prices are already falling at the fastest rate in the 1a years, mortgage approvals are down and banks reported that one in five first time buyers are now taking out mortgages three and a half gauge. meaning they won t be paid off until the payers are well into their 60s with the flip side of this is returns for savers have also increased. renters who are facing rising rents as landlord seek to pass on the higher mortgage cause. ....

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