Will a Negative base Rate mean Lenders Pay Borrowers to have a Mortgage?

Negative interest rates may not be as unthinkable a concept as may once have been the case. While the Bank of England held base rate at 0.1% at its last meeting, it has left the door open to setting negative rates for the first time. With the economy not in great shape, thanks to the pandemic, and the potential for soaring unemployment once the furlough scheme comes to an end, it may be necessary for the Bank to make its move sooner rather than later. But will a negative base rate mean lenders pay borrowers to have a mortgage?  
AWS Brochure

AWS Financial Services Helping Hand Brochure

Download

Case Studies

Day-Rate Contractor on a New Contract Buying their First Home

The pandemic has made life difficult for many borrowers and…...

Day-Rate Contractor with Relatively New Contract Buying a Home

Our client, a day-rate contractor, was only two months into…...

Life Insurance and Critical Illness Cover for a Day-Rate Contractor and his Partner

Our clients, in their mid-thirties, had recently taken on a…...