Mortgage map of Britain launched

clock

Almost one in five homeowners could be vastly over-paying on their mortgage by staying on the lender's standard variable rate (SVR), claims a new report.

In addition, more than a quarter opt for the security of a two-to-five year fixed-rate mortgage in a bid to hedge against future base rate rises. These findings are the first in a series from the moneysupermarket.com ‘Mortgage Map’, which aims to uncover trends in the mortgage market by providing a guide to Great Britain’s mortgage landscape. The index will comprise a breakdown of the type of mortgages held in Britain, and a regional breakdown of the mortgages. Louise Cuming, head of mortgages at moneysupermarket.com, says: “We are excited to be able to present our first overview of the ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Mortgages

Client conundrum: Mortgage overpayments versus investments

Client conundrum: Mortgage overpayments versus investments

1.4 million people will see mortgage deals end this year

Laura Suter
clock 22 February 2023 • 3 min read

Summer economic update: Sunak confirms stamp duty holiday in 'mini-Budget'

Mini Budget

Hannah Godfrey
clock 08 July 2020 • 2 min read

FCA sounds alarm on equity release advice

'Tick-box exercise'

Hannah Godfrey
clock 17 June 2020 • 1 min read