The value of the pound has tumbled following Chancellor Kwasi Kwarteng’s mini-Budget. We take a look at what it’s likely to mean for mortgage rates.
Nicky Burridge
Contributing Editor
Nicky has been a freelance journalist for more than 15 years. She began her career at the Press Association, where she was Personal Finance Correspondent for more than 10 years.
Her work has been published in a range of national and regional newspapers, including the Financial Times, Daily Telegraph, Independent and the Guardian.
Nicky is a freelance journalist but you can submit any enquiries to her via [email protected]
Latest articles by Nicky Burridge
The level at which the tax kicks in has been doubled to £250,000 for home movers and £425,000 for first-time buyers.
Nearly two million homeowners face higher mortgage repayments after the Bank of England hikes rates by 0.5.%
One in four landlords have frozen rents, while 22% have offered a payment holiday.
The number of deals available has also fallen but it is still worth remortgaging if you are coming to the end of your deal.
The average household will see their energy bills frozen at £2,500 a year until October 2024.
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