UK banks start cutting ‘Truss premium’ from mortgage rates, but slowly
Having hiked mortgage rates after political turmoil drove up the cost of borrowing, British banks are now cutting home loan prices, albeit slowly, as markets calm since Liz Truss’s government collapsed and Rishi Sunak took power.
UK mortgage market faces ‘significant stress’ – Morgan Stanley
Britain’s mortgage market faces significant stress as households struggle to meet the surging cost of home loans, investment bank Morgan Stanley said in a research note on Monday.
Analysis: British banks’ mortgage payday comes with sting in the tail
While British households head into a winter of soaring energy costs, a tumbling currency and nearly double-digit inflation, the country’s banks are in line for a handsome payday as mortgage prices spike after a decade of stagnation.
