The great rate gamble
Article Abstract:
United Kingdom interest rates are rising, which means that mortgage rates are also rising. Borrowers can choose a fixed rate mortgage to avoid being hit by rate rises, but they may then lose the benefit of rate falls. Remortgaging to obtain lower rates may be too expensive to make the move worthwhile since various fees have to be paid such as the land registry, surveyors and legal fees. Existing lenders may offer a better deal if customers threaten to move.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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The all new and improved home loan: The mortgage behind flexible and current-account home loans claim their products will revolutionize the market
Article Abstract:
There are around 100 mortgage providers in the UK offering about 2,000 products. Flexible mortgages have interest calculated daily or monthly instead of yearly, and have no penalties for early repayment. There are around 25 flexible mortgages. Current-account mortgages are effectively an overdraft in your bank account, placing borrowing, savings and everyday banking requirements in one product.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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