Finance · 11 March 2026
UK lenders raise mortgage rates after Iran war
Photo by Alicja Ziaj on Unsplash
Many UK homeowners face higher mortgage costs as lenders react to market changes caused by the US-Israeli war with Iran. Expectations for falling fixed mortgage rates reversed, with some UK lenders now increasing their rates due to rising funding expenses and altered base rate predictions. A two-year fixed mortgage now averages 4.87%, and a five-year deal stands at 4.98% as of March 9.
Reported by BBC · How we write briefs