• @Alexstarfire
    link
    123 days ago

    I’m not familiar with mortgages in the UK. Are most not fixed rate?

    • @[email protected]
      link
      fedilink
      223 days ago

      A lot of them are fixed for a period of time. Between 2 and 5 years is pretty common I think. After that you get another fixed rate for a period.

      Mortgages rates have been falling for the last 12 months so it’s people who went on a fixed rate prior to that.