FF Bill to tackle mortgage rates to be debated on Tuesday and Wednesday night

Sarenco said:

I think this is the real missed opportunity of the Bill. Borrowers that are not in a position to refinance their loans are not in a position to benefit from competition in the market and, in my opinion, are deserving of a degree of statutory protection. I am of the view that we should adopt the French model (or a variant of this model) where rates are simply capped at a prescribed % over average rates (either of all outstanding loans or new lending rates).

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