Millions of households are bracing themselves for mortgage pain as interest rates soar and monthly costs surge.
Homebuyers and homeowners looking for a new loan today face paying a rate above 6 per cent on a two-year fix — more than double average rates two years ago.
That means anyone taking out a two-year deal today on a typical £200,000 mortgage would pay an extra £65 a month compared with just four weeks ago and an extra £313 compared with