HSBC is set to introduce a 40-year mortgage option for homebuyers, marking its first foray into offering home loans for such an extended duration.
The Bank of England has announced its biggest interest rate rise in 27 years.
To keep inflation under control, policymakers increased interest rates by 0.5% to 1.75% on Thursday. This was in an effort to maintain a lid on inflation which is expected to
Next year, two million homeowners will be affected by a “remortgage rates shock”
New data shows that nearly two million homeowners will suffer a “remortgage rates shock” in the next year, as interest rate rises.