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Mortgage market suffers 'worst turbulence' since Truss mini-Budget
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Mortgage market suffers 'worst turbulence' since Truss mini-Budget
The mortgage market is now becoming as turbulent as it was following the Liz Truss mini-Budget, which saw loan rates jump dramatically, according to Moneyfacts. The data comparison firm says there are worrying trends among mortgage offers that resemble the disastrous effects of the infamous mini-Budget in 2022 delivered by Chancellor Kwasi Kwarteng (main picture). War in the Middle East is threatening to drive up inflation and put pressure on th…
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