The North East has the highest share of borrowers who have missed at least their last two mortgage payments, followed by the North West and Wales.

The Bank's cheapest mortgage rate has risen from 3.74% to 4.04%.

Average mortgage rates are now at their lowest level since May 2023.

Clydesdale Bank has announced a number of changes to its mortgage rates, with reductions up to 0.71%.

Barclays has made a number of rate reductions across its mortgage range, including for existing customers.

As Generation Z starts to buy, today’s higher rates mean they face mortgage repayments roughly twice those paid by Millennials.

Rory Joseph and Sebastian Murphy, directors at JLM Mortgage Services, discuss the future path of Bank Rate and whether we could see 3% interest rates by the end of 2025.

The lender has reduced residential and buy-to-let rates by up to 0.29%.

Rates now start from 3.59%.

Saffron has reduced rates by up to 0.60% and launched an 85% LTV range, improving affordability for contractors and self-employed borrowers.