‘Mortgages’ News
‘Offsetting’ promises impressive savings for borrowers
Posted 2008-02-17
An offset mortgage is a common mortgage product in the UK, and is designed for the purchase of domestic property. The key feature is the ability to reduce the interest charged by offsetting a credit balance against the mortgage debt....
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25-Year mortgages aimed for ‘the norm’
Posted 2008-02-15
The majority of fixed rate mortgages are currently only held for up to five years. But if Chancellor Alistair Darling gets his wish, fixed rate mortgages may settle in at the 25-year mark, becoming the norm in future lending. According...
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Mortgage rules not tight enough claim lenders
Posted 2008-02-12
The sales of newly built city centre flats are being subject to conditions which could untether mortgage lending fraud. Lenders in the UK are wanting tighter, better rules to help prevent such practices from unfolding, and thus causing further rifts...
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Mortgage holders advised to pay off early
Posted 2008-02-8
Mortgage experts John Charcol advised mortgage holders to stay on top of their repayments and to try and pay off their mortgages as soon as possible. The advantage to paying off mortgages at the same rate, rather than dropping payments...