Mortgage hell as lenders hike loan rate again

Inflation chaos 'is legacy of Truss mini-budget'

- GRAHAM HISCOTT

MORTGAGE borrowers are facing the biggest squeeze since the Tories' bungled mini-Budget.

A flood of lenders have upped rates in the aftermath of figures a fortnight ago revealing a smaller-than-expected drop in living costs.

Some of the best deals are being withdrawn at a few hours' notice.

"Grab it while you can," was the advice to borrowers from David Hollingworth, an associate director at broker L&C Mortgages.

He compared the situation to last September's mini-Budget, when then-Prime Minister Liz Truss's handling of unfunded tax cuts led to rates soaring.