Fixed-rate mortgages cushion BOE interest-rate hike
Published Fri, Aug 3, 2018 · 06:11 AM
[LONDON] The Bank of England's (BOE) interest rate hike on Thursday shouldn't be a burden to too many UK homeowners as they are cushioned by fixed mortgages, according to Bloomberg Economics. New lending on fixed rates soared above 90 percent in the first quarter of this year - that's up from only 46 per cent 10 years earlier and means that now some 60 per cent of all regulated mortgages are on fixed rates.
BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies