Brokers steer households to shorter-term fixed rates ‘to increase fees from repeat business’, claims BoE working paper

A Bank of England working paper published today has stated that brokers encouraging households to choose short fixed-term mortgages, transferring risk from base rate changes from lenders to borrowers.

​  A Bank of England working paper published today has stated that brokers encouraging households to choose short fixed-term mortgages, transferring risk from base rate changes from lenders to borrowers.  

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A Bank of England working paper published today has stated that brokers encouraging households to choose short fixed-term mortgages, transferring risk from base rate changes from lenders to borrowers.