Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England.
LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs.
Major high street lender Virgin Money on Monday increased its new two- and five-year fixed-rate mortgages by 0.2%, with similar hikes to some of its remortgage deals.
UK homeowners brace for higher mortgages as borrowing costs spike
