Mortgage Rates Are Set to Remain High ; but Lenders to Do More for Those in Crisis
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Summary
MORTGAGE lenders yesterday warned the Government that rates for new borrowers were unlikely to come down, despite Monday's intervention by the Bank of England.
Some of the UK's biggest mortgage lenders, who met the Chancellor yesterday, are understood to have told him that the cost of deals for new borrowers was likely to stay high for the foreseeable future.See the full content of this document
Extract
Mortgage Rates Are Set to Remain High ; but Lenders to Do More for Those in Crisis
But lenders also pledged to do more to help homeowners who get into difficulties keeping up with their mortgage repayments.
On Monday, the Bank of England unv...See the full content of this document
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