BBC Question Time: ‘My mortgage offer went to 10.5% after mini-budget’

A young first-time buyer has challenged a government minister after she was told her initial mortgage offer of 4.5% interest could get as high as 10.5% following last week’s mini-budget.

Rabia told BBC One’s Question Time panel in Manchester that she would be unable to afford the new rate.

“I was given four different offers of interest rates and none of them are now available,” she says.

Local Government Minister Paul Scully suggested this was a short-term effect following the mini-budget and the mortgage market would eventually settle down.