BBC News - First-time buyers hit as mortgage rates keep rising

Mortgage rate rises are continuing "thick and fast" with borrowers told to prepare for more volatility in the coming days and weeks.

US President Donald Trump's comments on "constructive" talks with Iran brought only temporary calm to the markets.

Aaron Strutt, of broker Trinity Financial, told the BBC some lenders had found it almost impossible to price their mortgages and offer new and existing customers fixed rate deals. Rate increases were coming "thick and fast", he said.

"It is becoming increasingly difficult for borrowers to work out if they are getting a decent fixed rate and how long they will have to apply for a deal," he said.

"I suspect the cheapest rates have a shelf life of three or four days at the moment."

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