Mortgage hell as lenders hike loan rate again
Daily Record|June 06, 2023
Inflation chaos 'is legacy of Truss mini-budget'
GRAHAM HISCOTT
Mortgage hell as lenders hike loan rate again

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Some of the best deals are being withdrawn at a few hours' notice.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

Esta historia es de la edición June 06, 2023 de Daily Record.

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Esta historia es de la edición June 06, 2023 de Daily Record.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.