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Banks profit from mortgage uncertainty as hundreds of thousands put off fixing

Published: August 1, 2023

Borrowers paid £1.2bn to some of Britain’s biggest banks in more expensive loans last year over fears of locking into cheaper fixed-rate deals.

Source: yahoo.com

Related Topics:

United KingdomHarriet BaldwinMark MullenFinancial Conduct AuthorityBank RateTreasury CommitteeAtom BankSantander United KingdomBig SixVariable RatesPercentage PointsAriable LoansProfit After TaxPre Tax Profits

Why borrowers are choosing variable over fixed rates

Published: June 23, 2023

Nearly 95% of borrowers committed to variable rates in April

Source: brokernews.com.au

Related Topics:

New South WalesPeregian BeachChristian StevensClarissa BartonAustralian Bureau Of StatisticsAustralian BureauShore FinancialMortgage Choice Peregian BeachInterest RatesAriable Loans