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Have rising rates scuppered your plans to get a mortgage — or refinance an existing one?
UK mortgage rates climbed steadily after the Bank of England began raising its main interest rate in December, but took off after the chancellor Kwasi Kwarteng’s “mini” Budget triggered a wave of turbulence in financial markets.
We want to hear from readers affected by the turmoil in the mortgage market, after banks and building societies withdrew hundreds of home loan products and introduced big interest rate rises among those that remain.
Have you found yourself unable to get a mortgage since rates jumped in the past two weeks? And has that left you forced to pay a higher variable rate, or put a planned house purchase at risk?
If you have a large mortgage that you will soon need to refinance, are you worried you won’t be able to afford repayments? What steps are you considering to bring down your costs?
If you’d like to get in touch, email a few words about your situation to money@ft.com. We will keep your message in confidence.
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