Banking #uk#mortgage rates
UK Mortgage Rates Rise to Highest Level in a Month as Global Tensions Persist
Average UK mortgage rates have risen to levels last seen a month ago, with the two-year fixed deal averaging 5.58%, as renewed Middle East tensions push up lenders' funding costs and oil prices to $100/barrel, reducing expectations of central bank rate cuts. Over five million homeowners are projected to see higher monthly repayments by end of 2028, according to the Bank of England.
Jul 23, 2026 1 source