UK two-year fixed mortgage rates hit highest level since 2008

Average rate rises to 6.66%, according to Moneyfacts, in more bad news for homeowners

• UK interest rates likely to rise again despite slowing labour market

Two-year fixed mortgage rates in the UK have risen to the highest level since the 2008 financial crisis, adding to the pressure on households.

A typical two-year deal has risen to 6.66%, up from 6.63% on Monday, according to data provider Moneyfacts.