Bank of England experts suggest this was so that mortgage brokers could cash in because they would make more income from fees ...
According to a BoE research paper, there was a notable increase in the use of mortgage brokers for securing home loans ...
The pound briefly fell to a 14-month low against the US dollar on Thursday morning after the sell-off in the bond market.
As a result, there has been pressure on the Bank of England to push ahead with cut in interest rates to promote spending and growth. This pressure has been countered by concerns about rising inflation ...
Brokers “steered” homeowners towards short-term mortgages to “increase fees from repeat business,” which left borrowers ...
British homeowners were left particularly exposed to rising interest rates after mortgage brokers convinced them to sign shorter-term deals, according to research by the Bank of England.
The Bank of England held interest rates steady at 4. ... Henry Knight, managing director at Springtide Capital Mortgage Brokers, said: “Forecasts for interest rates in 2025 suggest a downward ...
Climate change threatens to devastate the value of hundreds of thousands of homeowners’ properties, the Bank of England has ...
In its latest Monetary Policy Committee meeting, the Bank of England voted to hold the Bank ... even slowly – are broadly good news for mortgage holders and first-time buyers, as mortgage ...