{"id":130004,"date":"2022-09-27T16:22:50","date_gmt":"2022-09-27T09:22:50","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-next-10-days-crucial-in-how-much-rates-rise\/"},"modified":"2022-09-27T16:49:20","modified_gmt":"2022-09-27T09:49:20","slug":"uk-mortgages-next-10-days-crucial-in-how-much-rates-rise","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-next-10-days-crucial-in-how-much-rates-rise\/","title":{"rendered":"UK mortgages: \u2018next 10 days crucial\u2019 in how much rates rise"},"content":{"rendered":"


\nBuilding society chief responds as stock market falls and pound slides after Kwarteng\u2019s mini-budgetMortgage rates in the UK will rise further in coming days, and the next 10 days in financial markets will be crucial in determining how high they will go, according to the head of Principality building society.Experts are predicting that a typical two-year fix, which has cost borrowers \u00a3850 a month, could go up to almost \u00a31,500 a month, after Kwasi Kwarteng\u2019s mini-budget on Friday shocked markets and sent the pound plunging, as well as triggering a government bond sell-off. Sterling hit a record low of about $1.035 on Monday morning and has recovered slightly to $1.08, but is still down 7% this month. Continue reading…
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\nSource : theguardian.com
\nRead more…UK mortgages: \u2018next 10 days crucial\u2019 in how much rates rise<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Building society chief responds as stock market falls and pound slides after Kwarteng\u2019s mini-budgetMortgage rates...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-130004","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xOQ","jetpack-related-posts":[{"id":130086,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-flatline-as-mortgage-rates-rise-says-nationwide\/","url_meta":{"origin":130004,"position":0},"title":"UK house prices flatline as mortgage rates rise, says Nationwide","date":"September 30, 2022","format":false,"excerpt":"\r Lender says slowdown will intensify in coming months as household budgets come under more pressureUK house price growth flatlined in September with a stronger slowdown expected in the coming months as a combination of soaring inflation and mortgage rates makes moving unaffordable for many.The latest snapshot from the building\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-financial-chaos-a-survival-guide-for-your-mortgage-savings-and-energy\/","url_meta":{"origin":130004,"position":1},"title":"UK financial chaos: a survival guide for your mortgage, savings and energy","date":"October 1, 2022","format":false,"excerpt":"\r The pound dived and stock markets tumbled after the mini-budget \u2013 here\u2019s what you need to knowThe financial rollercoaster we\u2019ve all been riding for a while took another lurching turn this week after the fallout from Kwasi Kwarteng\u2019s mini-budget continued to cause chaos.Mortgage deals evaporated and were in many\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130062,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-than-40-of-mortgages-withdrawn-as-market-reels-after-mini-budget\/","url_meta":{"origin":130004,"position":2},"title":"More than 40% of mortgages withdrawn as market reels after mini-budget","date":"September 29, 2022","format":false,"excerpt":"\r Lenders began pulling products on Monday as they struggled to price products amid financial uncertaintyKwasi Kwarteng\u2019s mini-budget: key points at a glanceMore than 40% of available mortgages have been withdrawn from the market since the UK government announced its mini-budget on Friday, the latest figures show.Lenders began suspending products\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130453,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-average-rate-on-a-two-year-fixed-deal-soars-to-nearly-6\/","url_meta":{"origin":130004,"position":3},"title":"UK mortgages: average rate on a two-year fixed deal soars to nearly 6%","date":"October 4, 2022","format":false,"excerpt":"\r Government\u2019s 45p tax U-turn and calmer stock markets do not result in cheaper new mortgage dealsThe average rate on a two-year fixed mortgage has jumped to just under 6%, according to data released on Tuesday, dashing hopes that government efforts to calm the financial markets might ease the cost\u2026","rel":"","context":"In "Property 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