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Click here for more detailsTwo-year fixed rates have risen sharply, putting pressure on a fragile housing market as homeowners lower valuations.
Two-year fixed mortgage rates have climbed to 5.55 per cent, up from 5.29 per cent the previous month, forcing sellers to reduce asking prices as higher borrowing costs weigh on the UK housing market.
The rise in rates is beginning to bite harder on property demand and valuations across Britain's already fragile sector.