Astute Mortgage Market Overview
As the UK base rate has increased over the last 20 months, so have mortgage rates. The huge number of mortgage holders who will be remortgaging at a higher rate will play a large part in helping to bring down inflation, as disposable income is squeezed and spending power chipped away. Even those who don’t own a mortgage are highly likely to know someone with a mortgage – in 2020, approximately 28% of dwellings in the UK were owned with a mortgage or a loan.
Mortgage adviser Joanne Lawrenson provides us with an Astute Mortgage Market Overview, discussing how the current environment is impacting the mortgage market.