00:01Mortgage rates are rising again, increasing pressure for households planning to buy a home
00:05or remortgage. Lenders have raised the cost of new fixed deals after growing concerns that conflict
00:12in the Middle East could keep inflation higher for longer and delay interest rate cuts. Many
00:18homeowners on existing fixed mortgages will not be affected until their current deal ends,
00:23but millions are expected to face higher monthly repayments over the next few years.
00:28Financial experts have said that borrowers should compare available deals carefully
00:32and consider independent advice as lenders continue adjusting rates
00:38in response to the ever-changing market conditions.
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