I thought that the banks benefitted financially from fixed rate deals, as customers pay a higher rate for having the priviledge of knowing what their mortgage repayment will be for X amount of years.
Surely, if certain banks no longer offer fixed rate deals, a lot of potential customers will only approach banks still offering fixed rate mortgages?
Surely, if certain banks no longer offer fixed rate deals, a lot of potential customers will only approach banks still offering fixed rate mortgages?