UK Business

Why mortgage rates will not return to recent lows any time soon

Written by Alper Kara, Professor and Head of Department - Accounting, Finance and Economics, University of Huddersfield

Mortgage rates are set to stay high for some time.Ink Drop/Shutterstock

The Bank of England base rate has increased steeply from 0.25% in January 2022 to 4.25% in March 2023. More than 4 million UK households now have significantly higher mortgage costs as a result, while also dealing with the impact of soaring prices for other items such as food...

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