New mortgages up by £800 a year amid ‘Trumpflation’ from Iran war

Nearly 700 deals pulled in two weeks and only a few fixed-rate products below 4% are available, says MoneyfactsBusiness live – latest updatesBritons taking out a new home loan face paying nearly £800 a year more on average than before the Iran war as “Trumpflation” pushes up UK mortgage rates, according to Moneyfacts.Nearly 700 mortgage deals have been pulled by lenders as the economic fallout from the war results in the biggest upheaval since the aftermath of Liz Truss’s disastrous mini-budget in 2022. Continue reading...