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Soaring bond yields set to lift UK mortgage rates

Financial Times LogoFinancial Times1w ago

Soaring bond yields set to lift UK mortgage rates - Financial Times

Quick Summary:

Platform, the arm of the Co-operative Bank for lending via mortgage brokers, withdrew all of its rate deals on Thursday.

Bond market pricing is not the only reason for lenders to raise interest rates and cull deals.

Andrew Montlake, managing director at broker Coreco, said lenders who were concerned about their ability to respond to a surge in customers often used rates to choke off demand.“They can’t afford to be left at the top of the ‘best buy’ charts.


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Article Details

Author / Journalist: James Pickford

Category: MarketsFinanceInvesting

Topics: Points Deals Bond Lenders Percentage Rates Rate Financial Borrowers Mortgage Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 15:27:03

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 665 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 496853

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 19 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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