Homeowners gambling on variable rate mortgage deals
Borrowers attempt to reduce repayments by shunning fixed-rate loans
Source: telegraph.co.uk
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Borrowers attempt to reduce repayments by shunning fixed-rate loans
The average two-year fixed rate is now close to 6% as major lenders raise the cost of deals sharply.
Lenders pull mortgage deals as soaring interest rates hammer affordability
The three banking giants, along with Lloyds, which today also paused some of its products, account for around half of the mortgage market in Britain.
Use our calculator to work out how much your repayments could soar