Bank of England: Mortgage Brokers Amplified the Pain of Rate Hikes

The Bank of England recently issued a stark warning regarding the impact of mortgage brokers in the wake of rising interest rates. According to the central bank, these brokers have played a significant role in making the challenges of increased rates even more arduous for homeowners. This revelation comes as the UK faces an unprecedented economic landscape marked by rising living costs and fluctuating mortgage rates.

Continue reading