Independent Mortgages Direct NE

Eleven Downing Street

Chancellor Pledges To Work Closely With Financial Sector On Mortgage Rates

In a meeting with some of the UK’s biggest mortgage lenders today Chancellor Kwasi Kwarteng pledged to work closely with the financial sector to provide the best value on mortgage rates as they continue to rise following his ‘fiscal event’.

Over the past 24 hours the average 2 & 5 year fixed rate mortgages breached the 6% mark, the Chancellor confirmed that the Treasury would continue to work closely with the sector in the weeks and months ahead.