Average UK mortgage rate tops 5% as lenders scurry to reprice loans amid Middle East crisis
More than 500 lending products pulled in biggest single upheaval since Liz Truss’s mini-budget in 2022How will war in the Middle East affect your finances?Business live – latest updatesAverage mortgage rates in the UK have flown past 5% as lenders scramble to respond to growing turmoil in the...
<p>More than 500 lending products pulled in biggest single upheaval since Liz Truss’s mini-budget in 2022</p><ul><li><p><a href="https://www.theguardian.com/business/2026/mar/04/iran-war-middle-east-affect-finances-energy-bills-inflation-interest-rates">How will war in the Middle East affect your finances?</a></p></li><li><p><a href="https://www.theguardian.com/business/live/2026/mar/11/oil-prices-asian-shares-rise-iea-reserve-release-business-live-news-updates">Business live – latest updates</a></p></li></ul><p>Average mortgage rates in the UK have flown past 5% as lenders scramble to respond to growing turmoil in the home loan market caused by the Middle East war.</p><p>Nearly 500 mortgage deals have been pulled in the past 48 hours in what is the biggest upheaval since the aftermath of the <a href="https://www.theguardian.com/money/2022/sep/27/uk-mortgage-deals-pulled-pound-rate-rise">2022 mini-budget</a>.</p> <a href="https://www.theguardian.com/money/2026/mar/11/uk-mortgage-rates-lenders-reprice-loans-middle-east-crisis">Continue reading...</a>
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