A journalist at Thisismoney / Mail Online is writing a piece on research from Moneyfacts showing the shelf-life for mortgages is at its joint-lowest on record.
Apparently, the choice of mortgages improved for the tenth consecutive month in August and is now at 93% of August 2019 levels - but the average shelf life of a mortgage deal is at 21 days - equal to the lowest ever recorded, which was in May 2017 (records date from 2011). She wants to know:
- How does the low shelf life of mortgages impact borrowers?
- Why are shelf lives so low at present?
- Should borrowers move quickly when they see a deal that works for them?
- Is there a risk of mortgage FOMO and people potentially rushing into the wrong mortgage?
- What key things should they look out for when having to make a potentially quick decision?
Keep your alert_responses to no more than 3 sentences. Journalists want soundbites, not War and Peace.