Fixed rate mortgage holders may be losing out, state officials
March 10, 2009 by admin
Filed under News, News-Mortgages
Some industry officials have said that some people that have a fixed rate mortgage loan may be losing out financially because of the way that the base interest rate has been slashed over the past five months by the Bank of England. Read more
Tags: fixed rate mortgages, standard variable rate, radical rate cuts, rate loan, fixed rate deals, base interest rate, Fixed interest, rate mortgage dealsHints and Tips on Remortgaging
Over the past year or so many people in the UK have decided to remortgage as a result of rising interest rates and decreasing affordability. In order to avoid the implications of missed and late repayments due to lack of affordability homeowners have flocked to secure a better deal elsewhere, with some looking for a lower interest rate and others looking for increased financial stability by switching from a variable rate deal to a fixed rate deal. Read more
Tags: fixed rate mortgage deals, remortgages, home equity, cheap fixed rate, late repayments, rate mortgage deals, remortgaging

