Rising Interest Rates and Mortgage Costs

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Finance News

Interest Rates,Bank Of England,Mortgages

This is a set of standards set out by the government and the FCA that has been agreed to by a large number of mortgage lenders in the UK.

You will no doubt have seen or heard that interest rates are at the highest they’ve been for 15 years, as the Bank of England continues to increase the Base Rate to try to combat inflation. This has led to increasingly higher costs of mortgages and the fixed rates offered to borrowers.

The free download features the latest breaking news and exclusive stories, and allows you to customise your page to the sections that matter most to you.So what is the Mortgage Charter? Secondly, there is the option to switch to an interest-only deal, temporarily. There is also the option to switch back to your original term within six months.

 

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