Introduction

The Bank of England is expected to hike interest rates for the 12th month in a row this week and deposit-free mortgages are back after a 15-year-long absence from the market that stretches back to the financial crisis. We find out how they’ll really work, who can benefit from them and what interest rates mean for you whether you’re a renter, homeowner or prospective new buyer.

The experts in this podcast are, Nick Mendes, Mortgage Technical Manager at John Charcol, Charles Roe, Director of Mortgages at UK Finance and Rachel Springall, Finance Expert at Money Facts.

Presenter: Felicity Hannah Producer: Amber Mehmood Editor: Jess Quayle

(First broadcast 3pm, Wednesday 10th May, 2023)