RateSwitch

Base rate maintained as speculation for cut grows 🔄

Base rate maintained as speculation for cut grows - Mortgage Solutions The minority of two suggests a move in base rate may be on the horizon, as the decision to keep the rate at 0.75 per cent was unanimous in September. In its last meeting which was held before the UK was expected to leave the EU, the Monetary Policy Committee (MPC) said it expected rates to be kep....

FCA confirms new affordability rules for mortgage prisoners 🔄

FCA confirms new affordability rules for mortgage prisoners - Mortgage Strategy The FCA has confirmed the implementation of a modified affordability assessment for mortgage prisoners, the consultation for which was published in March this year, with immediate effect. Lenders will be able to execute a modified, more proportional, affordability assessment provided the customer me...

Competition returns as average fixed rates continue to fall 🔄

Competition returns as average fixed rates continue to fall - Mortgage Solutions The average five-year fixed mortgage rate has fallen from 2.84 per cent to 2.79 per cent in August, while the average two-year fixed has dropped from 2.48 per cent to 2.46 per cent.