UK mortgage rates rise to 5.51 percent amid Iran conflict
Average two-year fixed mortgage rates rose to 5.51% since the conflict began in February. Lenders have withdrawn over 1,700 products from the market as costs rise.
Xurve View
Xurve View
The ongoing conflict in Iran is triggering significant volatility within the United Kingdom mortgage market, reaching levels of instability not witnessed since the global pandemic and the 2022 mini-budget crisis. Data from Moneyfacts indicates that the geopolitical tension is severely impacting financial markets, leading to a sharp rise in borrowing costs for homeowners.
