When discounted rates end: the cost of taking action in the mortgage market
Subject
Finance, Finance
Publishing details
Financial Conduct Authority
Authors / Editors
Belgibayeva A; Bono T; Bracke P; Cocco J; Majer T
Biographies
Publication Year
2020
Abstract
When an introductory mortgage rate expires the majority of borrowers remortgage, but a minority end up paying reversion interest rates. Who are these borrowers and how much could they benefit from remortgaging?
Series Number
Occasional Paper No. 54
Series
Financial Conduct Authority