Shore Capital says 6% mortgage rate headline overstates pressure on UK banks

Shore Capital argued that the widely reported rise in average UK five-year mortgage rates to 6% exaggerates the rates paid by many mainstream borrowers. The broker said the direction of travel remains negative for affordability, with fixed mortgage pricing having risen materially, but argued…

​  Shore Capital argued that the widely reported rise in average UK five-year mortgage rates to 6% exaggerates the rates paid by many mainstream borrowers. The broker said the direction of travel remains negative for affordability, with fixed mortgage pricing having risen materially, but argued…  

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Shore Capital argued that the widely reported rise in average UK five-year mortgage rates to 6% exaggerates the rates paid by many mainstream borrowers. The broker said the direction of travel remains negative for affordability, with fixed mortgage pricing having risen materially, but argued…