mortgage is at 6.01%, according to the financial information service moneyfacts. it comes after the bank of england raised interest rates to a 15 year high of 5% last month, as it tries to bring down inflation. the bank of england has raised interest rates 13 times since december 2021. the idea is that by making it more expensive for people to borrow money, and more worthwhile for them to save, they will spend less and price increases will cool. but inflation, which measures the rate at which prices are rising, remained stubbornly high at 8.7% in may. the prime minister has pledged to halve inflation by the end of the year, and has backed the bank of england s rate rises. china has accused the uk of giving protection to fugitives after eight pro democracy activists fled hong kong in recent months. the eight are accused of breaking china s national security laws, which came into force three years ago.
attacks in the city on tuesday. university students barnaby webber and grace 0 malley kumar and a school caretaker, ian coates, all died. a 31 year old man has been charged with their murders. new analysis for the bbc has found more than 800,000 households in the uk are facing a steep rise in their monthly mortgage bills. analysis by moneyfacts says the average interest rate on a fixed two year deal for a £250,000 loan has climbed from 2.5% two years ago to 6% today. the prince of wales says he wants to make it his mission to end homelessness in the uk and has plans to build social housing on duchy of cornwall land that he receives income from. he s made the pledge in an interview with the sunday times to mark father s day. 0ur royal correspondent daniela relph has more.
Rishi Sunak has said there will not be any extra help given to people who are struggling with mortgage payments as the average two-year rate passed the 6pc mark for the first time since December.
message, kosovo is the heart of serbia, he wrote, stop the violence. the first part of that is somewhat controversial, it is a serbian nationalist message. bearing in mind we still have these tensions in north kosovo and more nato troops coming, it is hard to argue with the second part of the sentiment. guy delauney, many thanks. options for those people hoping to buy a property have been tightening by the day, amid concerns about how high interest rates will go. nearly 10% of uk mortgage deals have been taken off the market since last week, according to financial data firm, moneyfacts. the number of residential mortgages available on the uk market has fallen by 373, to 5,012. and the number of buy to let mortgages has fallen by 405, to 2,343. but property prices have been falling over the last six months as people s buying power has taken a hit.