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.
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UK Banks Mortgage Charter: Does it go far enough?
With the Bank of England orchestrating the steepest increases in interest rates in history, mortgage borrowers have been crying out 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. This piece examines if the Mortgage Charter provides the solution homeowners are looking for
By Prateek Solapurker · Co-Founder
