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Case study - borrower locked into a higher rate

ended 19. September 2024

A journalist at the Daily Mirror is looking for a case study of a borrower who has locked into a high mortgage rate and will miss out on rate reductions, with expectatations of a series of base rate cuts between now and the end of next year - which could mean sub-3% rates over time.

Deadline is end of play today, so pretty urgent. The borrower would need be named and provide a photo. And the journalist should be able to name check the broker, who provides the case study, in the piece.

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Ben Perks
Managing Director at Orchard Financial Advisers
As rates trickle downward it will leave many that have recently fixed feeling sour. Unfortunately, you can only ever act on the information to hand.
Interest rates may not fall as some people expect though, a series of base rate cuts this year is incredibly unlikely. We'll be lucky to get another cut this year as the Bank of England favour a very slow road to recovery. Sub 3% rates are very unlikely next year, but not impossible.