With the Bank of England orchestrating the steepest increases in interest rates in history, mortgage borrowers have been screaming for help. Failure to get support could force many homeowners who are finding their mortgages unaffordable to resort to selling their homes. The government responded by getting the largest mortgage lenders and UK finance to agree to a Mortgage Charter.
What is the aim of this Mortgage Charter?
The Charter aims to help and support borrowers through this difficult period of adjusting to meaningfully higher mortgage rates.
