Average two-year fixed rate mortgage deal hits 6% for first time this year, as Sunak rules out extra help – business live

Average mortgage rates hit highest level since December, as asking prices for British homes fall in June for the first time in six years

• Sunak says no extra help with mortgages as fixed rates climb to 6%
• Mortgage catastrophe' will lose us the election, warn Tory MPs

Buy-to-let mortgage rates have also risen again.

Moneyfacts reports that the average two-year fixed rate on a BTL mortage increased from 6.21% on Friday to 6.30% today.

That wouldn't be a direct mortgage payment, but it would help people with their bills.