Rothesay set to launch long-dated fixed mortgages

Written by Adam Cadle

26/10/2021

Rothesay is to offer 25- and 30-year fixed mortgages to property buyers in the country through a partnership with a UK lender.

The move, which is intended to provide greater certainty for borrowers amid the looming threat of rising interest rates, is set to be announced in the coming weeks, according to a report by the Financial Times.

“As the UK’s largest specialist pensions insurer, we are always looking for innovative ways to invest in long-term, secured and high-quality assets,” Rothesay told the Financial Times.

“Through these new products, we’re delighted to support increased home ownership in the UK, helping the government’s ambition to bring mortgages to the market which offer long-term certainty for the future.”

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