It comes as the pound dropped to a record low on Monday
Mortgage payments could rise by another £100 a month by Friday if the Bank of England takes emergency action to save the plummeting pound.
The move would put mortgage rates beyond 6 percent in the first half of 2023. It comes as Kwasi Kwarteng contends with massive market turmoil sparked by his tax-cutting mini-budget.On Monday the pound dropped to a record low, falling by more than 4% to just 1.0327 dollars in early Asia trade, before regaining some ground to about 1.07 dollars by the evening.
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