Average five-year fixed mortgage interest rate has hit 5. 94%, its highest since October 2023, says Moneyfacts Business live – latest updates Demand for UK mortgages slumped to a 32-month low in August as buyers were deterred by rising costs linked to the war in Iran. Just 54,918 mortgages for n...
Source: [Guardian World](https://www.theguardian.com/money/2026/sep/29/uk-mortgage-demand-borrowing-costs-interest-rate)