Mortgages: Interest Rates

(asked on 24th April 2024) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to support the extension of long-term fixed-rate mortgage options to borrowers.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 9th May 2024

The pricing and availability of mortgages is a commercial decision for lenders in which the Government does not intervene.

However, lenders in the UK already do offer this type of mortgage product, and those looking to take out a long-term fixed rate mortgage are encouraged to shop around and speak to a broker to find the best possible product for them.

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