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Borrowers are gambling on interest rates by increasingly opting for tracker mortgages as major banks begin to lower their rates. The Bank of England has been
Barclays PLC (LSE:BARC), TSB Banking Group (LSE:TSB) and Nationwide Building Society were among lenders to announce cuts to mortgage rates on Thursday as...
Millions of homeowners who bagged five-year fixed mortgage deals when rates were the lowest in history are yet to feel the pain of rising interest rates, but experts are urging them to act now in order to lessen the blow when the dreaded day for rate renewal finally arrives.
Give yourself the best chance of keeping a lid on monthly repayments while you can
The Bank of England has said that the UK's economy has remained resilient to a surge in interest rates and that there isn't any reason for alarm regarding the financial system. While households with heavy mortgages would be affected, it is unlikely to lead to a recession. Although the number of households spending 70% of their income or more on mortgage payments