The mortgage market is mayhem, with lenders pulling offers and quickly mountaineering charges.
Common mounted mortgage charges have soared over the previous month and we at the moment are on the stage the place it appears to be like rather a lot just like the panic after the mini-Finances.
On the identical time financial savings charges are going gangbusters and there’s barely a day that passes with no new finest purchase.
In the meantime, UK gilt yields have additionally leapt, sending the UK’s borrowing prices even greater.
What on earth is happening? On this podcast, Georgie Frost, Helen Crane and Simon Lambert dive in and attempt to clarify why the sudden inflation-driven chaos has kicked off and what debtors and savers can do.
What must you do when you want a mortgage?
Is that this a chief time to seize a financial savings deal or must you anticipate higher charges?
How does it evaluate to the double-digit charges days of the Nineteen Eighties?
What does this imply for the financial system?
Are all of us doomed? Or will this go?
Hearken to the podcast to seek out out their views and get tips about methods to kind your mortgage and financial savings – and inform us your ideas in reader feedback under.
Mortgage charges have soared over the previous three weeks in an inflation-driven mini panic
