Tom Bill, head of UK residential research at Knight Frank, looks at the likely impact felt by borrowers coming off fixed-rate deals agreed some time ago on better terms.
The individual pricing approach for Payment Term Lifetime Mortgage products follows similar pricing for the lender's Interest Roll Up Lifetime Mortgage and Optional Payment Lifetime...
The bank has reduced rates across its variable rate commercial mortgage products by 0.30% ahead of an expected reduction of the base rate in the months ahead.