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UK homeowners brace for higher mortgages as borrowing costs spike

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Summary
Nutrition label

77% Informative

Virgin Money on Monday increased its new two- and five-year fixed-rate mortgages by 0.2% .

The Bank of England is currently seen cutting rates by 25 basis points in February , though the outlook after that is less clear.

Mortgage lenders had been expected to lower borrowing costs this year alongside an easing of interest rates.

Concerns over the country's economic outlook have contributed to a sell-off in U.K. government bonds, also known as gilts.

VR Score

88

Informative language

95

Neutral language

48

Article tone

formal

Language

English

Language complexity

46

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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