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Interest rates: Why British homeowners face the worst mortgage shock in the world

Interest rates: Why British homeowners face the worst mortgage shock in the world
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Why British homeowners face the worst mortgage shock in the world

Britain is one of the only countries in Europe where 80pc of existing mortgages, and 90pc of new mortgages, are propped up by short-term fixed rates.

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Digital bank Perenna plans 30-year fixes | Mortgage Strategy

Digital bank Perenna says it has received its banking licence today (16 August) and plans to offer customers fixed-rate 30-year mortgages. The fintech firm says it has been granted a banking licence with restrictions from the Prudential Regulation Authority and the Financial Conduct Authority, adding that once its

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Lender given green light to offer mortgages with 50-year fixed rate amid interest rate rises

UK-based lending firm Perenna is planning to offer rates of 4 to 4.5 per cents on loans of between 30 and 50 years, according to the Financial Times.

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