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UK chancellor Jeremy Hunt meets lenders as mortgage crisis deepens – business live

Hunt calls large lenders including HSBC and Santander to Downing Street to discuss what they can do to support struggling households

Two-year fixed mortgages remain unchanged following the Bank of England’s shock half-point base rate rise to 5% yesterday.

According to the financial data firm Moneyfacts, the average two-year fixed residential mortgage is 6.19%. The average five-year fix is 5.83, up a tick from 5.82% yesterday.

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