The Times - Race for the last of the super-cheap mortgages

Aaron Strutt Image

Banks are increasing the price of mortgages as often as twice a week leaving borrowers and brokers scrambling to lock in deals before costs rise further.

Aaron Strutt from the mortgage broker Trinity Financial said: “It is all highly unusual. Sometimes when you call to chase a case the phone goes dead — there is no one to answer as they are so busy. The mortgage market is completely chaotic.”

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