How to find your dream mortgage
Article Abstract:
It can be very difficult to choose the right mortgage from the very wide range now available in the UK. The traditional repayment mortgage is suitable for most people, but is less flexible than interest-only home loans, which can be transferred when you move house. Other alternatives include pension mortgages, where the borrowed capital is repaid out of the 25% of your accumulated pension fund that is permitted to be taken out tax-free in cash on retirement, and with profits endowments, where premiums are paid into a life assurance plan.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Market forces come good
Article Abstract:
The UK's building societies and banks have a great deal of money to lend, and this could prompt them to compete fiercely for mortgage business. This will in turn benefit those seeking a mortgage. Variable loans are currently very popular, especially if it is possible to obtain a discount for the first two or three years. Fixed-rate mortgages are more suitable for those who wish to be sure of the level of their repayments throughout the mortgage period.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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