The average two-year fixed rate is now close to 6% as major lenders raise the cost of deals sharply.
Read moreBy Kevin Peachey
Personal finance correspondent, BBC News

Kwasi Kwarteng says the proposal was "drowning out a strong package" to boost economic growth.

Kwasi Kwarteng says the proposal was "drowning out a strong package" to boost economic growth.

Shares in the Swiss bank fell as much as 10% after the bank's boss failed to reassure investors.

Kim Kardashian agrees to pay $1.26m after regulators charge her in EthereumMax case.

A closely-watched case where business titan Richard Liu was accused of rape was settled hours before trial.

The owner of the UK's biggest power station, Drax, is cutting down key forests in Canada.

The prime minister acknowledges her economic plans will "involve disruption in the short term".

Kwasi Kwarteng says the proposal was "drowning out a strong package" to boost economic growth.

Shares in the Swiss bank fell as much as 10% after the bank's boss failed to reassure investors.

Kim Kardashian agrees to pay $1.26m after regulators charge her in EthereumMax case.

A closely-watched case where business titan Richard Liu was accused of rape was settled hours before trial.

The owner of the UK's biggest power station, Drax, is cutting down key forests in Canada.

The prime minister acknowledges her economic plans will "involve disruption in the short term".

Shares in the Swiss bank fell as much as 10% after the bank's boss failed to reassure investors.

Kim Kardashian agrees to pay $1.26m after regulators charge her in EthereumMax case.

A closely-watched case where business titan Richard Liu was accused of rape was settled hours before trial.
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