The charter is intended to help millions of homeowners who are facing a huge jump in monthly mortgage repayments because of rising interest rates after the Bank of England upped rates to 5% last month
Chancellor commits 32 lenders to launch Mortgage Charter – Mortgage Strategy mortgagestrategy.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagestrategy.co.uk Daily Mail and Mail on Sunday newspapers.
Majority of UK lenders sign government mortgage charter mortgagesolutions.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagesolutions.co.uk Daily Mail and Mail on Sunday newspapers.
Lenders representing 85% of the mortgage market have signed up to the new charter to support customers after interest rates were raised to 5% last week
Yesterday, the Treasury launched the Mortgage Charter, a set of standards aimed to help those worried by rising interest rates. The charter was implemented after Chancellor Jeremy Hunt met with the country’s principal mortgage lenders, the Financial Conduct Authority (FCA), and UK Finance on Friday.