We use cookies to allow us and selected partners to improve your experience and our advertising. By continuing to browse you consent to our use of cookies as per our policy which also explains how to change your preferences.

Why are Libor rates relevant to mortgages?

Confused? Speak to us directly.

0292 267 0274

Free from landlines and mobiles

Open today from 8am to 8pm
Open today from 8am to 8pm

Many mortgage rates are determined by Libor rates, as one of banks’ main sources of funding is borrowing from other banks.

Commercial and buy-to-let mortgages are often pegged directly to Libor, although some residential mortgages are also linked to Libor, especially those specialising in customers with adverse credit.

The Libor fixing scandal, which emerged in the summer of 2012, could mean that people whose mortgages are linked to Libor were mis-priced. It is not yet clear whether this would have been to their benefit or detriment, and there are investigations ongoing into the rate fixing scandal.

Talk mortgages with our experts

0292 267 0274

Calls are free from mobiles and landlines

Open today from 8am to 8pm
  • Monday
  • 8am - 8pm
  • Tuesday - Thursday
  • 8am - 8pm
  • Friday
  • 8am - 6pm
  • Saturday
  • 9am - 3pm
  • Sunday
  • 10am - 4pm
  • Public holidays
  • Closed
Get us to call you

We will not share these details with anyone else and will only use them to contact you for your free consultation. Your details will be securely submitted to us.
Back to top