Cover feature: Long-term fixes - why so rare? – Mortgage Strategy

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Cover feature: Long-term fixes - why so rare? – Mortgage Strategy

Shutterstock / Firefly / Leon Parks Mortgage experts say the uptake of longer-term home loans is still being held back by a lack of consumer demand, restricted product choice and punitive early repayment charges (ERCs). Longer-term mortgages are in the spotlight following a report from the Bank of England (BoE) in January, which said intermediaries had “steered” homeowners towards short-term mortgages for most of the past decade. But brokers are…