Ms Spencer said: “These customers may be forced to bite the bullet and remortgage sooner rather than later.” But those with variable rate mortgages will be “seeing their payments increase immediately”, with even the smallest change to interest rates “triggering another rise in their biggest monthly outgoing.” There’s understandably more concern for those on variable […]
What could a recession mean for mortgages? ‘Fixed-rate customers could struggle’
Source: What could a recession mean for mortgages? ‘Fixed-rate customers could struggle’
Category: Finance, customers, fixedrate, mortgages, recession, struggle
