Fintech Insider Podcast by 11:FS cover image

668. News: UK mortgage market in meltdown

Fintech Insider Podcast by 11:FS

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What's Happening in Tensebi?

The main trigger of all of these is the sharp increase in swap rates. The cost of funding of all mortgage lenders is linked to swap rates. This is a key venture in the capital market side. And so all of a sudden, most lenders, in fact, almost I would say all lenders, the founders have of the pocket because the cost of funding became higher than interest rate that they were charging on the mortgage.

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