Mortgage rates unlikely to return to low levels, says Lloyds boss

The cost of borrowing money to buy a home is "unlikely" to return to the low levels seen over the past decade, the boss of the UK's largest mortgage lender has said.Charlie Nunn, chief executive of Lloyds bank, said the bank expected mortgage rates to come down, but not to the near zero rates they were during the 2010s.The rate charged on new fixed mortgage deals has risen in recent years as a result of an…