Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
CommentNovember 2 2023

Fixing one’s interest on a floating mortgage

Only brief fixed-term mortgages are offered in the UK, leaving homeowners transfixed by the Bank of England’s every move. But it doesn’t have to be that way, writes Tim Skeet.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Fixing one’s interest on a floating mortgageImage: Getty Images

Will they or won’t they? This question dominates financial press headlines as economists study the runes and seek to interpret the utterances of central bank governors to divine the direction and degree of interest rate movements.

It’s a pressing question in particular for the UK’s strained economy, and one that hits hard the many mortgage borrowers across the land. The UK’s excessive exposure to a floating rate cost of borrowing is once again taking its toll.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial