Mortgage lenders halt some deals after pound falls
Two lenders, Virgin Money and Skipton, say they will stop mortgage offers to new customers. …
Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said if interest rates rise as predicted, the average household refinancing a two-year fixed rate mortgage in the first half of next year would see monthly payments jump to £1,490 from £863.
About The Author
