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.


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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