{"id":137471,"date":"2023-06-21T12:00:03","date_gmt":"2023-06-21T05:00:03","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rates-rollercoaster-is-the-price-to-pay-for-cheap-short-term-deals\/"},"modified":"2023-06-21T12:08:37","modified_gmt":"2023-06-21T05:08:37","slug":"uk-mortgage-rates-rollercoaster-is-the-price-to-pay-for-cheap-short-term-deals","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rates-rollercoaster-is-the-price-to-pay-for-cheap-short-term-deals\/","title":{"rendered":"UK mortgage rates rollercoaster is the price to pay for cheap, short-term deals"},"content":{"rendered":"


\nBorrowers who made a short-term choice after the 2008 banking crisis were lucky \u2013 current borrowers have been equally unluckyAs mortgage lending rates surge to levels not seen since the banking crisis, some borrowers are wondering whether there is something to be said for the certainty of fixing the borrowing rate for the full term of the loan.In 2007 two of the UK\u2019s biggest lenders launched 25-year fixed-rate mortgages. They were responding to a call from the then chancellor, Alistair Darling, who suggested consumers would be better off if they did not have to find a new deal every two years, typically paying charges each time. Continue reading…
\n
\nSource : theguardian.com
\nRead more…UK mortgage rates rollercoaster is the price to pay for cheap, short-term deals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Borrowers who made a short-term choice after the 2008 banking crisis were lucky \u2013 current...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-137471","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zLh","jetpack-related-posts":[{"id":130406,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-financial-chaos-a-survival-guide-for-your-mortgage-savings-and-energy\/","url_meta":{"origin":137471,"position":0},"title":"UK financial chaos: a survival guide for your mortgage, savings and energy","date":"October 1, 2022","format":false,"excerpt":"\r The pound dived and stock markets tumbled after the mini-budget \u2013 here\u2019s what you need to knowThe financial rollercoaster we\u2019ve all been riding for a while took another lurching turn this week after the fallout from Kwasi Kwarteng\u2019s mini-budget continued to cause chaos.Mortgage deals evaporated and were in many\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134546,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-deals-how-to-navigate-the-rollercoaster-rates-ride\/","url_meta":{"origin":137471,"position":1},"title":"UK mortgage deals: how to navigate the rollercoaster rates ride","date":"February 17, 2023","format":false,"excerpt":"\r Amid a debate about what is happening to the housing market, what are your options?We are in the grip of a mortgage price war, according to some experts \u2013 but it probably won\u2019t feel like that if you are staring down the barrel of much higher monthly payments.It is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122894,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-borrowers-warned-the-days-of-cheap-mortgages-are-over\/","url_meta":{"origin":137471,"position":2},"title":"UK borrowers warned: the days of cheap mortgages are over","date":"October 29, 2021","format":false,"excerpt":"\r As interest rate changes are coming \u2018thick and fast\u2019, owners may face big rises in their repaymentsBudget 2021: key points at a glanceBudget calculator: what does it mean for me?Read all our budget coverageThe era of record low mortgage rates looks to be over, borrowers were warned this week,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149471,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/boost-for-uk-borrowers-as-santander-fires-starting-gun-on-mortgage-price-war\/","url_meta":{"origin":137471,"position":3},"title":"Boost for UK borrowers as Santander \u2018fires starting gun\u2019 on mortgage price war","date":"February 12, 2025","format":false,"excerpt":"\r Bank to offer first two-year deal under 4% with rivals likely to follow suitThe first sub-4% mortgages for months are going on sale, handing a much-needed boost to first-time buyers and those worried about refinancing their home loan.Santander on Thursday will start offering fixed rate deals at 3.99% lasting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137338,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-turmoil-continues-as-santander-pulls-deals-for-new-borrowers\/","url_meta":{"origin":137471,"position":4},"title":"UK mortgage turmoil continues as Santander pulls deals for new borrowers","date":"June 12, 2023","format":false,"excerpt":"\r Move follows decision by HSBC and applies to brokers and online applications as lenders hike fixed ratesSantander is the latest major bank to announce it is temporarily pulling its mortgage deals for new borrowers off sale as the turmoil in the home loans market shows no signs of abating.Days\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-interest-rate-setter-doubts-mortgage-borrowers-psychology\/","url_meta":{"origin":137471,"position":5},"title":"UK interest rate setter doubts mortgage borrowers\u2019 \u2018psychology\u2019","date":"May 21, 2018","format":false,"excerpt":"\r Most households should cope with higher rates but others look vulnerable\r \r Source : ft.com\r Read more...UK interest rate setter doubts mortgage borrowers\u2019 \u2018psychology\u2019","rel":"","context":"In "Property 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