Transcripts for MSNBC Dateline 20240604 09:26:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
it s trying to curb rising prices after figures on wednesday showed that inflation was unchanged last month at 8 point 7 %. the official interest rate, which currently stands at a and a half %, underpins the cost of variable rate mortgages and other loans. ben boulos reports. the theory is that rising interest rates make it more expensive to borrow money, meaning people have less to spend, and so bringing down demand and therefore easing price rises. what s your name, please? but this brighton mortgage broker says people are already accepting extraordinary changes to the length of their terms to keep monthly costs down. lenders are coming up with different ways of helping clients. they are looking at extending mortgage terms for a longer period of time. so some lenders will go up to the age of 80. it s all lender specific. new analysis by age and region shows that people in their 20s and 30s are most affected by rising mortgage costs. they face a £300 to £360 a month hike. those in l
lenders are coming up with different ways of helping clients. they are looking at extending mortgage terms for a longer period of time. so, some lenders will go up to the age of 80. it s all lender specific. new analysis by age and region shows that people in their 20s and 30s are most affected by rising mortgage costs. they face a £300 to £360 a month hike. those in london and the south east, where house prices and mortgages are the highest, face a bigger hit. people such as ewan, a management consultant, having to find an extra £a00 a month. i remember speaking to a friend of mine who, we bought roughly at the same time, and he locked into a five year mortgage. and i rememberwe both kind of laughed saying, oh, we ll see who ends up on the better end of the spectrum in a couple of years time. he s the one laughing and i m the one paying the price. eight out of ten mortgage customers hold a fixed rate mortgage. their monthly payments may not change immediately, but
people the help and reassurance they need. . people the help and reassurance they need. , , . ., ., people the help and reassurance they need. ,,.., ., , people the help and reassurance they need. ,, ., ,., need. this instruction would be to the financial need. this instruction would be to the financial conduct need. this instruction would be to the financial conduct authority i need. this instruction would be to | the financial conduct authority via government. the fca has said it has been working with lenders for many months to ensure they provide a tailored support, and this includes guiding firms to offer borrowers a range of difficulty of options in difficulties. they must also explain these options. it says anybody struggling to make mortgage payments should speak to the lenders. the fca is already doing the stuff you are instructed to do? instructed to do? nobody doubts there are things instructed to do? nobody doubts there are things happening. it i there are things h
ways of helping clients. they are looking at extending mortgage terms for a longer period of time. so, some lenders will go up to the age of 80. it s all lender specific. new analysis by age and region shows that people in their 20s and 30s are most affected by rising mortgage costs. they face a £300 to £360 a month hike. those in london and the south east, where house prices and mortgages are the highest, face a bigger hit. people such as ewan, a management consultant, having to find an extra £a00 a month. i remember speaking to a friend of mine who, we bought roughly at the same time, and he locked into a five year mortgage. and i rememberwe both kind of laughed saying, oh, we ll see who ends up on the better end of the spectrum in a couple of years time. he s the one laughing and i m the one paying the price. eight out of ten mortgage customers hold a fixed rate mortgage. their monthly payments may not change immediately, but house buyers, or anyone