UK Mortgage Rates Stay High Despite Iran Ceasefire as Remortgage Pain Deepens
Average UK two-year fixed mortgage rates rose to 5.90% in April from 4.83% in early March, according to Moneyfacts. Halifax reported house prices fell 0.5% in March to £299,677, with annual growth slowing to 0.8%. Lenders say the recent U.S.-Iran ceasefire has eased market pressure but is unlikely to bring quick relief for borrowers. Buy-to-let landlords also face new tax and rental regulations from April and May.