Mortgage lenders say they're not profiting off consumers, as interest rates remain frozen while borrowing rates are on the rise.
Data from Moneyfacts.co.uk shows the average two year fixed mortgage is now 5.15 per cent around 0.3 percent higher than six months ago.
The council of mortgage lenders claim the state base rate and mortgage rates are not linked thus they are not using increases in mortgage rates to make more profit.
A spokesman says that any rate cuts have primarily been focussed on loans with low loan to value rates.
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