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borrowing\\\”,\\\”form_format_1\\\”:\\\”£\\\”,\\\”form_default_1\\\”:\\\”160000\\\”,\\\”form_placeholder_1\\\”:\\\”160,000\\\”,\\\”form_step_1\\\”:\\\”1000\\\”,\\\”form_min_1\\\”:\\\”0\\\”,\\\”form_max_1\\\”:\\\”10000000\\\”,\\\”form_input_2\\\”:\\\”How long will you take to pay it back?\\\”,\\\”info_button_aria_label_2\\\”:\\\”More info on repayment periods\\\”,\\\”form_format_2\\\”:\\\”years\\\”,\\\”form_default_2\\\”:\\\”20\\\”,\\\”form_placeholder_2\\\”:\\\”20\\\”,\\\”form_step_2\\\”:\\\”1\\\”,\\\”form_min_2\\\”:\\\”1\\\”,\\\”form_max_2\\\”:\\\”50\\\”,\\\”form_input_begin_radio\\\”:\\\”ignore\\\”,\\\”form_radio_label\\\”:\\\”What is your current…\\\”,\\\”info_button_aria_label_3\\\”:\\\”More info on interest rates\\\”,\\\”form_radio_input_1\\\”:\\\”interest 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This would be a monthly total of {{var2}} pounds.\\\”,\\\”info_input_1\\\”:\\\”If you have an existing mortgage enter the outstanding balance left to pay. If not, enter the total you are looking to borrow.\\\”,\\\”info_input_2\\\”:\\\”If you have an existing mortgage enter the total number of years remaining. If not, enter the total number of years you are looking to borrow over.\\\”,\\\”info_radio_interest\\\”:\\\”For those with a mortgage enter the rate for your current fixed term. For those without a mortgage enter an interest rate from another source, such as a bank’s mortgage rate calculator.\\\”,\\\”info_radio_monthly\\\”:\\\”For those with a mortgage enter the amount you pay for per month. For those without a mortgage enter the amount you would be paying.\\\”,\\\”disclaimer_1\\\”:\\\”This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. 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If not, enter the total you are looking to borrow.\\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container \\\”>\\n \\u003cinput id=\\\”form_input_1\\\”\\n name=\\\”form_input_1\\\” \\n type=\\\”number\\\”\\n value=\\\”160000\\\”\\n min=\\\”0\\\” \\n max=\\\”10000000\\\”\\n data-default=\\\”160000\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_input_1\\\” aria-label=\\\”increase £\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_input_1\\\” aria-label=\\\”decrease £\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>£\\u003c/span>\\n \\u003c/div>\\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clabel class=\\\”label__input \\\” for=\\\”form_input_2\\\”>How long will you take to pay it back?\\u003c/label>\\n \\u003cbutton class=\\\”label__info-btn\\\” data-id=\\\”info-button-2\\\” aria-label=\\\”More info on repayment periods\\\”>\\u003c/button>\\n \\u003cdiv class=\\\”info-box info-button-2\\\”>\\n \\u003cdiv class=\\\”info-box__text info-button-2\\\”>If you have an existing mortgage enter the total number of years remaining. If not, enter the total number of years you are looking to borrow over.\\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container \\\”>\\n \\u003cinput id=\\\”form_input_2\\\”\\n name=\\\”form_input_2\\\” \\n type=\\\”number\\\”\\n value=\\\”20\\\”\\n min=\\\”1\\\” \\n max=\\\”50\\\”\\n data-default=\\\”20\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_input_2\\\” aria-label=\\\”increase years\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_input_2\\\” aria-label=\\\”decrease years\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>years\\u003c/span>\\n \\u003c/div>\\n \\u003cdiv class=\\\”radio__container\\\”>\\n \\u003cfieldset>\\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clegend class=\\\”label__input\\\”>What is your current…\\u003c/legend>\\n \\u003cbutton class=\\\”label__info-btn\\\” data-id=\\\”info-button-3\\\” aria-label=\\\”More info on interest rates\\\”>\\u003c/button>\\n \\u003cdiv class=\\\”info-box info-button-3\\\”>\\n \\u003cdiv class=\\\”info-box__text\\\”>For those with a mortgage enter the rate for your current fixed term. For those without a mortgage enter an interest rate from another source, such as a bank’s mortgage rate calculator.\\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003cdiv class=\\\”radio__group\\\”>\\n \\u003cdiv class=\\\”input-container\\\”>\\n \\u003cinput class=\\\”radio-input\\\” type=\\\”radio\\\” id=\\\”interest\\\” name=\\\”format-selector\\\” value=\\\”interest\\\” checked=\\\”true\\\”>\\n \\u003clabel for=\\\”interest\\\”>interest rate\\u003c/label>\\n \\u003c/div>\\n \\u003cdiv class=\\\”input-container\\\”>\\n \\u003cinput class=\\\”radio-input\\\” type=\\\”radio\\\” id=\\\”monthly\\\” name=\\\”format-selector\\\” value=\\\”monthly\\\”>\\n \\u003clabel for=\\\”monthly\\\”>monthly payment\\u003c/label>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003c/fieldset>\\n \\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clabel class=\\\”label__input off-screen\\\” for=\\\”form_radio_input_1\\\”>interest rate\\u003c/label>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container input__container–radio\\\”>\\n \\u003cinput id=\\\”form_radio_input_1\\\”\\n name=\\\”form_radio_input_1\\\” \\n type=\\\”number\\\”\\n value=\\\”2.00\\\”\\n min=\\\”0.50\\\” \\n max=\\\”10.50\\\”\\n data-default=\\\”2.00\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_radio_input_1\\\” aria-label=\\\”increase %\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_radio_input_1\\\” aria-label=\\\”decrease %\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>%\\u003c/span>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clabel class=\\\”label__input \\\” for=\\\”form_input_3\\\”>Choose an interest rate to compare with…\\u003c/label>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container \\\”>\\n \\u003cinput id=\\\”form_input_3\\\”\\n name=\\\”form_input_3\\\” \\n type=\\\”number\\\”\\n value=\\\”6.00\\\”\\n min=\\\”0.10\\\” \\n max=\\\”100.00\\\”\\n data-default=\\\”6.00\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_input_3\\\” aria-label=\\\”increase %\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_input_3\\\” aria-label=\\\”decrease %\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>%\\u003c/span>\\n \\u003c/div>\\n \\u003cinput class=\\\”submit-btn\\\” type=\\\”submit\\\” value=\\\”Calculate\\\” />\\n \\u003c/form>\\n \\u003cdiv class=\\\”results__container–figures\\\” aria-hidden=\\\”true\\\”>\\n \\u003cdiv class=\\\”width-restrict\\\”>\\n \\u003cp class=\\\”results__para\\\”>At this rate, your payments could change by…\\u003c/p>\\n \\u003cdiv class=\\\”results__figures\\\”>\\n \\u003cp class=\\\”results__figure results__figure–monthly-increase\\\”>\\u003cspan class=\\\”figure\\\”>\\u003c/span>\\n monthly change\\u003c/p>\\n \\u003cp class=\\\”results__figure–to\\\”>to\\u003c/p>\\n \\u003cp class=\\\”results__figure results__figure–monthly-total\\\”>\\u003cspan class=\\\”figure\\\”>\\u003c/span>\\n monthly total\\u003c/p>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003cp class=\\\”results–off-screen off-screen\\\”>\\u003c/p>\\n \\u003cdiv class=\\\”results__container–repayment-estimate\\\”>\\n \\u003cp class=\\\”results__estimate width-restrict\\\”>\\u003c/p>\\n \\u003c/div>\\n \\u003cdiv class=\\\”results__container–error\\\”>\\n \\u003cp class=\\\”results__error\\\”>The information you provided on your monthly payments would not be sufficient to pay off your mortgage within the number of years given.\\u003c/p>\\n \\u003c/div>\\n \\u003cdiv class=\\\”disclaimer\\\”>\\n \\u003cp class=\\\”disclaimer-para\\\”>This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. It should be used as a guide only and does not represent the suitability, eligibility or availability of mortgage offers for users. 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function initEmbed() {\\n require([‘https://news.files.bbci.co.uk/include/newsspec/34996-mortgage-calculator/assets/embed/js/embed-init.js??v=1.0.0.202306230623’], function (initFullFatApplication) {\\n initFullFatApplication(vjConfigObject[‘newsspec-34996-mortgage-calculator-app’]);\\n });\\n }\\n\\n if (typeof require === ‘undefined’) {\\n var headTag = document.getElementsByTagName(‘head’)[0],\\n requireTag = document.createElement(‘script’);\\n requireTag.type=”text/javascript”;\\n requireTag.src=”https://news.files.bbci.co.uk/include/vjassets/js/vendor/require-2.1.20b.min.js”;\\n requireTag.onload = initEmbed;\\n headTag.appendChild(requireTag);\\n } else {\\n initEmbed();\\n }\\n\\n }\\n else if (window.require) {\\n require([‘istats-1’], function (istats) {\\n istats.log(‘browser does not cut the mustard’, ‘newsspec-nonuser’);\\n });\\n } })();\\n\\u003c/script>\\n\”}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The Bank of England has been raising its benchmark interest rate in an attempt to tackle the inflation rate which remains stubbornly high. Figures published on Tuesday show UK wages have risen at a record annual pace, fuelling fears that inflation will stay high for longer.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”The Bank of England has been raising its benchmark interest rate in an attempt to tackle the inflation rate which remains stubbornly high. Figures published on Tuesday show UK wages have \”,\”attributes\”:[]}},{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”risen at a record annual pace\”,\”locator\”:\”https://www.bbc.co.uk/news/business-66156713\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”risen at a record annual pace\”,\”attributes\”:[]}}]}},{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”, fuelling fears that inflation will stay high for longer.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The expectation of further increases has pushed up the cost of funding mortgages, and so lenders have been raising the rates they charge customers. \”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”The expectation of further increases has pushed up the cost of funding mortgages, and so lenders have been raising the rates they charge customers. \”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”At the hearing, Andrew Asaam, homes director at Lloyds Banking Group, told MPs this was changing the plans of first-time buyers.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”At the hearing, Andrew Asaam, homes director at Lloyds Banking Group, told MPs this was changing the plans of first-time buyers.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”\\\”People are either putting down a larger deposit or buying a smaller property because affordability is tighter,\\\” he told MPs. \\\”We won’t lend as much now, so people are moderating what they can afford to buy.\\\”\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”\\\”People are either putting down a larger deposit or buying a smaller property because affordability is tighter,\\\” he told MPs. \\\”We won’t lend as much now, so people are moderating what they can afford to buy.\\\”\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”subheadline\”,\”model\”:{\”blocks\”:[{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Remortgaging shift\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Remortgaging shift\”,\”attributes\”:[]}}]}}]}}],\”level\”:2,\”fontScale\”:\”headlineSmall\”,\”id\”:\”Remortgaging-shift\”,\”isFocusable\”:true}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”People coming off fixed deals and looking for a new one could potentially have to pay hundreds of pounds more a month.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”People coming off fixed deals and looking for a new one could potentially have to pay hundreds of pounds more a month.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Around 2.4 million fixed-rate mortgages are due to end between now and the end of 2024, according to figures from banking trade association UK Finance.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Around 2.4 million fixed-rate mortgages are due to end between now and the end of 2024, according to figures from banking trade association UK Finance.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”unorderedList\”,\”model\”:{\”blocks\”:[{\”type\”:\”listItem\”,\”model\”:{\”blocks\”:[{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”Why hasn’t mortgage pain led to a housing crash? \”,\”locator\”:\”https://www.bbc.co.uk/news/business-66133116\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Why hasn’t mortgage pain led to a housing crash? \”,\”attributes\”:[]}}]}}]}},{\”type\”:\”listItem\”,\”model\”:{\”blocks\”:[{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”Sunak urges people to hold nerve on interest rates\”,\”locator\”:\”https://www.bbc.co.uk/news/business-66012301\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Sunak urges people to hold nerve on interest rates\”,\”attributes\”:[]}}]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Aaron Strutt, from mortgage broker Trinity Financial, said that the uncertainty of the situation made it difficult for lenders to price mortgages. 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A rush of people trying to secure deals at lower rates had meant the money allocated by some providers to lend in mortgages was drained. \”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”He added that there was evidence of a split with large numbers of people renewing with their existing lender, without the requirement for further affordability assessments.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”He added that there was evidence of a split with large numbers of people renewing with their existing lender, without the requirement for further affordability assessments.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The recent rises in mortgage costs are also likely to have a knock-on effect on renters who could face higher payments as landlords seek to recoup the rising cost of higher mortgages. 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If not, enter the total you are looking to borrow.\\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container \\\”>\\n \\u003cinput id=\\\”form_input_1\\\”\\n name=\\\”form_input_1\\\” \\n type=\\\”number\\\”\\n value=\\\”160000\\\”\\n min=\\\”0\\\” \\n max=\\\”10000000\\\”\\n data-default=\\\”160000\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_input_1\\\” aria-label=\\\”increase £\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_input_1\\\” aria-label=\\\”decrease £\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>£\\u003c/span>\\n \\u003c/div>\\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clabel class=\\\”label__input \\\” for=\\\”form_input_2\\\”>How long will you take to pay it back?\\u003c/label>\\n \\u003cbutton class=\\\”label__info-btn\\\” data-id=\\\”info-button-2\\\” aria-label=\\\”More info on repayment periods\\\”>\\u003c/button>\\n \\u003cdiv class=\\\”info-box info-button-2\\\”>\\n \\u003cdiv class=\\\”info-box__text info-button-2\\\”>If you have an existing mortgage enter the total number of years remaining. If not, enter the total number of years you are looking to borrow over.\\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container \\\”>\\n \\u003cinput id=\\\”form_input_2\\\”\\n name=\\\”form_input_2\\\” \\n type=\\\”number\\\”\\n value=\\\”20\\\”\\n min=\\\”1\\\” \\n max=\\\”50\\\”\\n data-default=\\\”20\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_input_2\\\” aria-label=\\\”increase years\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_input_2\\\” aria-label=\\\”decrease years\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>years\\u003c/span>\\n \\u003c/div>\\n \\u003cdiv class=\\\”radio__container\\\”>\\n \\u003cfieldset>\\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clegend class=\\\”label__input\\\”>What is your current…\\u003c/legend>\\n \\u003cbutton class=\\\”label__info-btn\\\” data-id=\\\”info-button-3\\\” aria-label=\\\”More info on interest rates\\\”>\\u003c/button>\\n \\u003cdiv class=\\\”info-box info-button-3\\\”>\\n \\u003cdiv class=\\\”info-box__text\\\”>For those with a mortgage enter the rate for your current fixed term. For those without a mortgage enter an interest rate from another source, such as a bank’s mortgage rate calculator.\\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003cdiv class=\\\”radio__group\\\”>\\n \\u003cdiv class=\\\”input-container\\\”>\\n \\u003cinput class=\\\”radio-input\\\” type=\\\”radio\\\” id=\\\”interest\\\” name=\\\”format-selector\\\” value=\\\”interest\\\” checked=\\\”true\\\”>\\n \\u003clabel for=\\\”interest\\\”>interest rate\\u003c/label>\\n \\u003c/div>\\n \\u003cdiv class=\\\”input-container\\\”>\\n \\u003cinput class=\\\”radio-input\\\” type=\\\”radio\\\” id=\\\”monthly\\\” name=\\\”format-selector\\\” value=\\\”monthly\\\”>\\n \\u003clabel for=\\\”monthly\\\”>monthly payment\\u003c/label>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003c/fieldset>\\n \\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clabel class=\\\”label__input off-screen\\\” for=\\\”form_radio_input_1\\\”>interest rate\\u003c/label>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container input__container–radio\\\”>\\n \\u003cinput id=\\\”form_radio_input_1\\\”\\n name=\\\”form_radio_input_1\\\” \\n type=\\\”number\\\”\\n value=\\\”2.00\\\”\\n min=\\\”0.50\\\” \\n max=\\\”10.50\\\”\\n data-default=\\\”2.00\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_radio_input_1\\\” aria-label=\\\”increase %\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_radio_input_1\\\” aria-label=\\\”decrease %\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>%\\u003c/span>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clabel class=\\\”label__input \\\” for=\\\”form_input_3\\\”>Choose an interest rate to compare with…\\u003c/label>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container \\\”>\\n \\u003cinput id=\\\”form_input_3\\\”\\n name=\\\”form_input_3\\\” \\n type=\\\”number\\\”\\n value=\\\”6.00\\\”\\n min=\\\”0.10\\\” \\n max=\\\”100.00\\\”\\n data-default=\\\”6.00\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_input_3\\\” aria-label=\\\”increase %\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_input_3\\\” aria-label=\\\”decrease %\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>%\\u003c/span>\\n \\u003c/div>\\n \\u003cinput class=\\\”submit-btn\\\” type=\\\”submit\\\” value=\\\”Calculate\\\” />\\n \\u003c/form>\\n \\u003cdiv class=\\\”results__container–figures\\\” aria-hidden=\\\”true\\\”>\\n \\u003cdiv class=\\\”width-restrict\\\”>\\n \\u003cp class=\\\”results__para\\\”>At this rate, your payments could change by…\\u003c/p>\\n \\u003cdiv class=\\\”results__figures\\\”>\\n \\u003cp class=\\\”results__figure results__figure–monthly-increase\\\”>\\u003cspan class=\\\”figure\\\”>\\u003c/span>\\n monthly change\\u003c/p>\\n \\u003cp class=\\\”results__figure–to\\\”>to\\u003c/p>\\n \\u003cp class=\\\”results__figure results__figure–monthly-total\\\”>\\u003cspan class=\\\”figure\\\”>\\u003c/span>\\n monthly total\\u003c/p>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003cp class=\\\”results–off-screen off-screen\\\”>\\u003c/p>\\n \\u003cdiv class=\\\”results__container–repayment-estimate\\\”>\\n \\u003cp class=\\\”results__estimate width-restrict\\\”>\\u003c/p>\\n \\u003c/div>\\n \\u003cdiv class=\\\”results__container–error\\\”>\\n \\u003cp class=\\\”results__error\\\”>The information you provided on your monthly payments would not be sufficient to pay off your mortgage within the number of years given.\\u003c/p>\\n \\u003c/div>\\n \\u003cdiv class=\\\”disclaimer\\\”>\\n \\u003cp class=\\\”disclaimer-para\\\”>This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. It should be used as a guide only and does not represent the suitability, eligibility or availability of mortgage offers for users. 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function initEmbed() {\\n require([‘https://news.files.bbci.co.uk/include/newsspec/34996-mortgage-calculator/assets/embed/js/embed-init.js??v=1.0.0.202306230623’], function (initFullFatApplication) {\\n initFullFatApplication(vjConfigObject[‘newsspec-34996-mortgage-calculator-app’]);\\n });\\n }\\n\\n if (typeof require === ‘undefined’) {\\n var headTag = document.getElementsByTagName(‘head’)[0],\\n requireTag = document.createElement(‘script’);\\n requireTag.type=”text/javascript”;\\n requireTag.src=”https://news.files.bbci.co.uk/include/vjassets/js/vendor/require-2.1.20b.min.js”;\\n requireTag.onload = initEmbed;\\n headTag.appendChild(requireTag);\\n } else {\\n initEmbed();\\n }\\n\\n }\\n else if (window.require) {\\n require([‘istats-1’], function (istats) {\\n istats.log(‘browser does not cut the mustard’, ‘newsspec-nonuser’);\\n });\\n } })();\\n\\u003c/script>\\n\”}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The Bank of England has been raising its benchmark interest rate in an attempt to tackle the inflation rate which remains stubbornly high. Figures published on Tuesday show UK wages have risen at a record annual pace, fuelling fears that inflation will stay high for longer.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”The Bank of England has been raising its benchmark interest rate in an attempt to tackle the inflation rate which remains stubbornly high. Figures published on Tuesday show UK wages have \”,\”attributes\”:[]}},{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”risen at a record annual pace\”,\”locator\”:\”https://www.bbc.co.uk/news/business-66156713\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”risen at a record annual pace\”,\”attributes\”:[]}}]}},{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”, fuelling fears that inflation will stay high for longer.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The expectation of further increases has pushed up the cost of funding mortgages, and so lenders have been raising the rates they charge customers. \”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”The expectation of further increases has pushed up the cost of funding mortgages, and so lenders have been raising the rates they charge customers. \”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”At the hearing, Andrew Asaam, homes director at Lloyds Banking Group, told MPs this was changing the plans of first-time buyers.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”At the hearing, Andrew Asaam, homes director at Lloyds Banking Group, told MPs this was changing the plans of first-time buyers.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”\\\”People are either putting down a larger deposit or buying a smaller property because affordability is tighter,\\\” he told MPs. \\\”We won’t lend as much now, so people are moderating what they can afford to buy.\\\”\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”\\\”People are either putting down a larger deposit or buying a smaller property because affordability is tighter,\\\” he told MPs. \\\”We won’t lend as much now, so people are moderating what they can afford to buy.\\\”\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”subheadline\”,\”model\”:{\”blocks\”:[{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Remortgaging shift\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Remortgaging shift\”,\”attributes\”:[]}}]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”People coming off fixed deals and looking for a new one could potentially have to pay hundreds of pounds more a month.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”People coming off fixed deals and looking for a new one could potentially have to pay hundreds of pounds more a month.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Around 2.4 million fixed-rate mortgages are due to end between now and the end of 2024, according to figures from banking trade association UK Finance.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Around 2.4 million fixed-rate mortgages are due to end between now and the end of 2024, according to figures from banking trade association UK Finance.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”unorderedList\”,\”model\”:{\”blocks\”:[{\”type\”:\”listItem\”,\”model\”:{\”blocks\”:[{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”Why hasn’t mortgage pain led to a housing crash? \”,\”locator\”:\”https://www.bbc.co.uk/news/business-66133116\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Why hasn’t mortgage pain led to a housing crash? \”,\”attributes\”:[]}}]}}]}},{\”type\”:\”listItem\”,\”model\”:{\”blocks\”:[{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”Sunak urges people to hold nerve on interest rates\”,\”locator\”:\”https://www.bbc.co.uk/news/business-66012301\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Sunak urges people to hold nerve on interest rates\”,\”attributes\”:[]}}]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Aaron Strutt, from mortgage broker Trinity Financial, said that the uncertainty of the situation made it difficult for lenders to price mortgages. A rush of people trying to secure deals at lower rates had meant the money allocated by some providers to lend in mortgages was drained. \”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Aaron Strutt, from mortgage broker Trinity Financial, said that the uncertainty of the situation made it difficult for lenders to price mortgages. 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aftermath of the mini-budget.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Mortgage costs have hit the highest level for 15 years after the rate on a two-year fixed deal surpassed the peak in the aftermath of the mini-budget.\”,\”attributes\”:[\”bold\”]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The average rate on such a deal is now 6.66% – a level not seen since August 2008 and the financial crisis.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”The average rate on such a deal is now 6.66% – a level not seen since August 2008 and the financial crisis.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Mortgage costs have been soaring recently as lenders grapple with inflation and uncertainty over interest rates set by the Bank of England.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Mortgage costs have been soaring recently as lenders grapple with inflation and uncertainty over interest rates set by the Bank of England.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Lenders have been questioned by MPs about the impact on customers.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Lenders have been questioned by MPs about the impact on customers.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Bank and building society bosses, including representatives from Lloyds and Nationwide, were in front of the Treasury Select Committee.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Bank and building society bosses, including representatives from Lloyds and Nationwide, were in front of the Treasury Select Committee.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The hearing covered mortgage 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This would be a monthly total of {{var2}} pounds.\\\”,\\\”info_input_1\\\”:\\\”If you have an existing mortgage enter the outstanding balance left to pay. If not, enter the total you are looking to borrow.\\\”,\\\”info_input_2\\\”:\\\”If you have an existing mortgage enter the total number of years remaining. If not, enter the total number of years you are looking to borrow over.\\\”,\\\”info_radio_interest\\\”:\\\”For those with a mortgage enter the rate for your current fixed term. For those without a mortgage enter an interest rate from another source, such as a bank’s mortgage rate calculator.\\\”,\\\”info_radio_monthly\\\”:\\\”For those with a mortgage enter the amount you pay for per month. For those without a mortgage enter the amount you would be paying.\\\”,\\\”disclaimer_1\\\”:\\\”This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. It should be used as a guide only and does not represent the suitability, eligibility or availability of mortgage offers for users. 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If not, enter the total you are looking to borrow.\\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container \\\”>\\n \\u003cinput id=\\\”form_input_1\\\”\\n name=\\\”form_input_1\\\” \\n type=\\\”number\\\”\\n value=\\\”160000\\\”\\n min=\\\”0\\\” \\n max=\\\”10000000\\\”\\n data-default=\\\”160000\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_input_1\\\” aria-label=\\\”increase £\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_input_1\\\” aria-label=\\\”decrease £\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>£\\u003c/span>\\n \\u003c/div>\\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clabel class=\\\”label__input \\\” for=\\\”form_input_2\\\”>How long will you take to pay it back?\\u003c/label>\\n \\u003cbutton class=\\\”label__info-btn\\\” data-id=\\\”info-button-2\\\” aria-label=\\\”More info on repayment periods\\\”>\\u003c/button>\\n \\u003cdiv class=\\\”info-box info-button-2\\\”>\\n \\u003cdiv class=\\\”info-box__text info-button-2\\\”>If you have an existing mortgage enter the total number of years remaining. If not, enter the total number of years you are looking to borrow over.\\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container \\\”>\\n \\u003cinput id=\\\”form_input_2\\\”\\n name=\\\”form_input_2\\\” \\n type=\\\”number\\\”\\n value=\\\”20\\\”\\n min=\\\”1\\\” \\n max=\\\”50\\\”\\n data-default=\\\”20\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_input_2\\\” aria-label=\\\”increase years\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_input_2\\\” aria-label=\\\”decrease years\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>years\\u003c/span>\\n \\u003c/div>\\n \\u003cdiv class=\\\”radio__container\\\”>\\n \\u003cfieldset>\\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clegend class=\\\”label__input\\\”>What is your current…\\u003c/legend>\\n \\u003cbutton class=\\\”label__info-btn\\\” data-id=\\\”info-button-3\\\” aria-label=\\\”More info on interest rates\\\”>\\u003c/button>\\n \\u003cdiv class=\\\”info-box info-button-3\\\”>\\n \\u003cdiv class=\\\”info-box__text\\\”>For those with a mortgage enter the rate for your current fixed term. For those without a mortgage enter an interest rate from another source, such as a bank’s mortgage rate calculator.\\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003cdiv class=\\\”radio__group\\\”>\\n \\u003cdiv class=\\\”input-container\\\”>\\n \\u003cinput class=\\\”radio-input\\\” type=\\\”radio\\\” id=\\\”interest\\\” name=\\\”format-selector\\\” value=\\\”interest\\\” checked=\\\”true\\\”>\\n \\u003clabel for=\\\”interest\\\”>interest rate\\u003c/label>\\n \\u003c/div>\\n \\u003cdiv class=\\\”input-container\\\”>\\n \\u003cinput class=\\\”radio-input\\\” type=\\\”radio\\\” id=\\\”monthly\\\” name=\\\”format-selector\\\” value=\\\”monthly\\\”>\\n \\u003clabel for=\\\”monthly\\\”>monthly payment\\u003c/label>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003c/fieldset>\\n \\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clabel class=\\\”label__input off-screen\\\” for=\\\”form_radio_input_1\\\”>interest rate\\u003c/label>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container input__container–radio\\\”>\\n \\u003cinput id=\\\”form_radio_input_1\\\”\\n name=\\\”form_radio_input_1\\\” \\n type=\\\”number\\\”\\n value=\\\”2.00\\\”\\n min=\\\”0.50\\\” \\n max=\\\”10.50\\\”\\n data-default=\\\”2.00\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_radio_input_1\\\” aria-label=\\\”increase %\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_radio_input_1\\\” aria-label=\\\”decrease %\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>%\\u003c/span>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003cdiv class=\\\”label__container\\\”>\\n \\u003clabel class=\\\”label__input \\\” for=\\\”form_input_3\\\”>Choose an interest rate to compare with…\\u003c/label>\\n \\u003c/div>\\n \\n \\u003cdiv class=\\\”input__container \\\”>\\n \\u003cinput id=\\\”form_input_3\\\”\\n name=\\\”form_input_3\\\” \\n type=\\\”number\\\”\\n value=\\\”6.00\\\”\\n min=\\\”0.10\\\” \\n max=\\\”100.00\\\”\\n data-default=\\\”6.00\\\”\\n step=\\\”any\\\”\\n required=\\\”required\\\”\\n >\\n \\n \\u003cdiv class=\\\”input__btn-container\\\”>\\n \\u003cbutton class=\\\”input__btn-increment\\\” data-direction=\\\”increment\\\” data-key=\\\”form_input_3\\\” aria-label=\\\”increase %\\\”>\\u003c/button>\\n \\u003cbutton class=\\\”input__btn-decrement\\\” data-direction=\\\”decrement\\\” data-key=\\\”form_input_3\\\” aria-label=\\\”decrease %\\\”>\\u003c/button>\\n \\u003c/div>\\n \\u003cspan class=\\\”input__number-format\\\” aria-hidden=\\\”true\\\”>%\\u003c/span>\\n \\u003c/div>\\n \\u003cinput class=\\\”submit-btn\\\” type=\\\”submit\\\” value=\\\”Calculate\\\” />\\n \\u003c/form>\\n \\u003cdiv class=\\\”results__container–figures\\\” aria-hidden=\\\”true\\\”>\\n \\u003cdiv class=\\\”width-restrict\\\”>\\n \\u003cp class=\\\”results__para\\\”>At this rate, your payments could change by…\\u003c/p>\\n \\u003cdiv class=\\\”results__figures\\\”>\\n \\u003cp class=\\\”results__figure results__figure–monthly-increase\\\”>\\u003cspan class=\\\”figure\\\”>\\u003c/span>\\n monthly change\\u003c/p>\\n \\u003cp class=\\\”results__figure–to\\\”>to\\u003c/p>\\n \\u003cp class=\\\”results__figure results__figure–monthly-total\\\”>\\u003cspan class=\\\”figure\\\”>\\u003c/span>\\n monthly total\\u003c/p>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003c/div>\\n \\u003cp class=\\\”results–off-screen off-screen\\\”>\\u003c/p>\\n \\u003cdiv class=\\\”results__container–repayment-estimate\\\”>\\n \\u003cp class=\\\”results__estimate width-restrict\\\”>\\u003c/p>\\n \\u003c/div>\\n \\u003cdiv class=\\\”results__container–error\\\”>\\n \\u003cp class=\\\”results__error\\\”>The information you provided on your monthly payments would not be sufficient to pay off your mortgage within the number of years given.\\u003c/p>\\n \\u003c/div>\\n \\u003cdiv class=\\\”disclaimer\\\”>\\n \\u003cp class=\\\”disclaimer-para\\\”>This calculator does not constitute financial advice. It is based on a standard mortgage repayment formula based on the mortgage size and length and a fixed interest rate. It should be used as a guide only and does not represent the suitability, eligibility or availability of mortgage offers for users. 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function initEmbed() {\\n require([‘https://news.files.bbci.co.uk/include/newsspec/34996-mortgage-calculator/assets/embed/js/embed-init.js??v=1.0.0.202306230623’], function (initFullFatApplication) {\\n initFullFatApplication(vjConfigObject[‘newsspec-34996-mortgage-calculator-app’]);\\n });\\n }\\n\\n if (typeof require === ‘undefined’) {\\n var headTag = document.getElementsByTagName(‘head’)[0],\\n requireTag = document.createElement(‘script’);\\n requireTag.type=”text/javascript”;\\n requireTag.src=”https://news.files.bbci.co.uk/include/vjassets/js/vendor/require-2.1.20b.min.js”;\\n requireTag.onload = initEmbed;\\n headTag.appendChild(requireTag);\\n } else {\\n initEmbed();\\n }\\n\\n }\\n else if (window.require) {\\n require([‘istats-1’], function (istats) {\\n istats.log(‘browser does not cut the mustard’, ‘newsspec-nonuser’);\\n });\\n } })();\\n\\u003c/script>\\n\”}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The Bank of England has been raising its benchmark interest rate in an attempt to tackle the inflation rate which remains stubbornly high. Figures published on Tuesday show UK wages have risen at a record annual pace, fuelling fears that inflation will stay high for longer.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”The Bank of England has been raising its benchmark interest rate in an attempt to tackle the inflation rate which remains stubbornly high. Figures published on Tuesday show UK wages have \”,\”attributes\”:[]}},{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”risen at a record annual pace\”,\”locator\”:\”https://www.bbc.co.uk/news/business-66156713\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”risen at a record annual pace\”,\”attributes\”:[]}}]}},{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”, fuelling fears that inflation will stay high for longer.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The expectation of further increases has pushed up the cost of funding mortgages, and so lenders have been raising the rates they charge customers. \”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”The expectation of further increases has pushed up the cost of funding mortgages, and so lenders have been raising the rates they charge customers. \”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”At the hearing, Andrew Asaam, homes director at Lloyds Banking Group, told MPs this was changing the plans of first-time buyers.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”At the hearing, Andrew Asaam, homes director at Lloyds Banking Group, told MPs this was changing the plans of first-time buyers.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”\\\”People are either putting down a larger deposit or buying a smaller property because affordability is tighter,\\\” he told MPs. \\\”We won’t lend as much now, so people are moderating what they can afford to buy.\\\”\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”\\\”People are either putting down a larger deposit or buying a smaller property because affordability is tighter,\\\” he told MPs. \\\”We won’t lend as much now, so people are moderating what they can afford to buy.\\\”\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”subheadline\”,\”model\”:{\”blocks\”:[{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Remortgaging shift\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Remortgaging shift\”,\”attributes\”:[]}}]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”People coming off fixed deals and looking for a new one could potentially have to pay hundreds of pounds more a month.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”People coming off fixed deals and looking for a new one could potentially have to pay hundreds of pounds more a month.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Around 2.4 million fixed-rate mortgages are due to end between now and the end of 2024, according to figures from banking trade association UK Finance.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Around 2.4 million fixed-rate mortgages are due to end between now and the end of 2024, according to figures from banking trade association UK Finance.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”unorderedList\”,\”model\”:{\”blocks\”:[{\”type\”:\”listItem\”,\”model\”:{\”blocks\”:[{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”Why hasn’t mortgage pain led to a housing crash? \”,\”locator\”:\”https://www.bbc.co.uk/news/business-66133116\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Why hasn’t mortgage pain led to a housing crash? \”,\”attributes\”:[]}}]}}]}},{\”type\”:\”listItem\”,\”model\”:{\”blocks\”:[{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”Sunak urges people to hold nerve on interest rates\”,\”locator\”:\”https://www.bbc.co.uk/news/business-66012301\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Sunak urges people to hold nerve on interest rates\”,\”attributes\”:[]}}]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Aaron Strutt, from mortgage broker Trinity Financial, said that the uncertainty of the situation made it difficult for lenders to price mortgages. A rush of people trying to secure deals at lower rates had meant the money allocated by some providers to lend in mortgages was drained. \”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Aaron Strutt, from mortgage broker Trinity Financial, said that the uncertainty of the situation made it difficult for lenders to price mortgages. A rush of people trying to secure deals at lower rates had meant the money allocated by some providers to lend in mortgages was drained. \”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”He added that there was evidence of a split with large numbers of people renewing with their existing lender, without the requirement for further affordability assessments.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”He added that there was evidence of a split with large numbers of people renewing with their existing lender, without the requirement for further affordability assessments.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The recent rises in mortgage costs are also likely to have a knock-on effect on renters who could face higher payments as landlords seek to recoup the rising cost of higher mortgages. 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inbox.\”,\”blocks\”:[{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”Sign up for our morning newsletter\”,\”locator\”:\”https://www.bbc.co.uk/newsletters/bbcnewsemails/zhp28xs#xtor=CS8-1000-%5BEditorialPromo_Box%5D-%5BNewsEditorial_Promo%5D-%5BNewsEditorial_Promo%5D-%5BPS_NEWS~N~zhp28xs~P_newsdailyinstory%5D\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Sign up for our morning newsletter\”,\”attributes\”:[]}}]}},{\”type\”:\”fragment\”,\”model\”:{\”text\”:\” and get BBC News in your inbox.\”,\”attributes\”:[]}}]}}]}},{\”type\”:\”image\”,\”model\”:{\”blocks\”:[{\”type\”:\”altText\”,\”model\”:{\”blocks\”:[{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”News Daily 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Have you recently renewed a two-year fixed deal? You can share your experiences by emailing [email protected].\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Are you struggling to pay your mortgage? Have you recently renewed a two-year fixed deal? You can share your experiences by emailing \”,\”attributes\”:[\”bold\”]}},{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”[email protected]\”,\”locator\”:\”mailto:[email protected]?subject=mortgages66153812\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”[email protected]\”,\”attributes\”:[]}}]}},{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”.\”,\”attributes\”:[\”bold\”]}}]}}]}},{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Please include a contact number if you are willing to speak to a BBC journalist. 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Please include your name, age and location with any submission. \”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”If you are reading this page and can’t see the form you will need to visit the mobile version of the \”,\”attributes\”:[]}},{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”BBC website\”,\”locator\”:\”https://www.bbc.co.uk/news\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”BBC website\”,\”attributes\”:[]}}]}},{\”type\”:\”fragment\”,\”model\”:{\”text\”:\” to submit your question or comment or you can email us at \”,\”attributes\”:[]}},{\”type\”:\”urlLink\”,\”model\”:{\”text\”:\”[email protected]\”,\”locator\”:\”mailto:[email protected]\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”[email protected]\”,\”attributes\”:[]}}]}},{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”. Please include your name, age and location with any submission. \”,\”attributes\”:[]}}]}}]}},{\”type\”:\”include\”,\”model\”:{\”type\”:\”vj\”,\”href\”:\”/news/special/2014/newsspec_8945/content/hide-app-text-after.inc?responsive=true\”,\”html\”:\”\\u003c/div>\”}},{\”model\”:{\”intentType\”:\”abridgement\”,\”relationshipType\”:\”optional\”,\”blocks\”:[{\”type\”:\”text\”,\”model\”:{\”blocks\”:[{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”Mortgage costs have hit the highest level for 15 years after the rate on a two-year fixed deal surpassed the peak in the aftermath of the mini-budget.\”,\”blocks\”:[{\”type\”:\”fragment\”,\”model\”:{\”text\”:\”Mortgage costs have hit the highest level for 15 years after the rate on a two-year fixed deal surpassed the peak in the aftermath of the mini-budget.\”,\”attributes\”:[]}}]}},{\”type\”:\”paragraph\”,\”model\”:{\”text\”:\”The average rate on such a deal is now 6.66% – a level not seen since August 2008 and the financial 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Mortgage rates soar to highest level for 15 years
Date: