Average UK mortgage rate tops 5% as lenders scurry to reprice loans amid Middle East crisis

2026-03-11 - 13:03

More than 500 lending products pulled in biggest single upheaval since Liz Truss’s mini-budget in 2022 How will war in the Middle East affect your finances? Business live – latest updates Average mortgage rates in the UK have flown past 5% as lenders scramble to respond to growing turmoil in the home loan market caused by the Middle East war. Nearly 500 mortgage deals have been pulled in the past 48 hours in what is the biggest upheaval since the aftermath of the 2022 mini-budget. Continue reading...