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UK mortgage rates rise to highest level for a month

BBC News·July 23, 2026
UK mortgage rates rise to highest level for a month

Mortgage rates in the UK have increased to their highest level in a month due to rising tensions in the Middle East. The heightened tensions have led to increased costs for lenders, which are being passed on to borrowers in the form of higher interest rates. As a result, borrowing costs have risen, making mortgages more expensive for consumers. The increase in mortgage rates may impact the UK's housing market and economy.

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