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UK borrowing costs reach 28-year high, raising mortgage concerns

The cost of UK government borrowing has reached a 28-year high, prompting warnings that mortgage rates could rise.

By DoomRadar · Published on DoomRadar .

Why it matters

Higher borrowing costs could increase household payments and add pressure to the UK economy.

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These links were collected with this event. Recorded source dates may reflect when a link was found. Article publication dates are shown only when available from the source. Open the originals for their full context.

  1. Warning mortgage rates could soar after cost of UK borrowing hit a 28-year high ↗dailymail.com · Recorded source date: Sep 2, 2026, 11:46 PM UTC
  2. UK mortgage rates set to rise as bond sell-off drives up borrowing costs – business live ↗theguardian.com · Recorded source date: Sep 3, 2026, 7:16 AM UTC

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UK borrowing costs reach a 28-year high

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UK 30-year borrowing costs reach their highest level since 1998

The UK government is reportedly paying its highest interest rate on 30-year bonds since 1998, while major banks expect further interest-rate increases later this year. Higher financing costs are adding pressure to public finances and the wider economy.

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