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UK Mortgage Products Vanish as Rates Soar Amid Crisis

3/21/2026

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Summary

Story summary

Over 500 mortgage products have been pulled in the UK as rates rise amid the Middle East conflict.
The Bank of England kept the base rate at 3.75%, citing inflation from higher energy costs.
Average two-year fixed mortgage rates have exceeded 5% for the first time since August.
Experts foresee further rate increases.
Homeowners seeking deals in 2026 face energy bill pressures later this year.

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Story summary

Over 500 mortgage products have been pulled in the UK as rates rise amid the Middle East conflict.
The Bank of England kept the base rate at 3.75%, citing inflation from higher energy costs.
Average two-year fixed mortgage rates have exceeded 5% for the first time since August.
Experts foresee further rate increases.
Homeowners seeking deals in 2026 face energy bill pressures later this year.