Tim Sturley, head of business development at Mortgage Express said: ‘‘Lifetime customers are generally viewed as vulnerable, but all of our lifetime customers are on a fixed rate for the life of their mortgage, which means that they are protected from this and future changes in the base rate’’.
‘‘The pundits are predicting future increases to the base rate this year - our lifetime customers have peace of mind knowing that their lifetime product is fixed for the life of the mortgage, and that they are not susceptible to the fluctuations in the market more generally. It is yet another safeguard to protect lifetime customers’’ Sturley added.
