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When discounted rates end: the cost of taking action in the mortgage market

Subject

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