‘Mortgages’ News
Banks ‘relatively slow’ to cut rates
Posted 2007-12-18
The Bank of England’s recent cuts have led to rates being reduced on two more mortgages. Standard Life Bank will lower its Freestyle Standard Variable rates by a quarter of a percent to 7.21% as of January 1, 2008....
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Tracker mortgages the way to go
Posted 2007-12-17
According to mortgage broker John Charcol, tracker mortgages are better value than fixed-rate contracts because borrowers are not permanently committed to lender rates. Ray Boulger, senior technical manager for John Charcol, claims trackers have “really come into their own” following...
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FDA pushes to eliminate exit fees
Posted 2007-12-17
Despite a recent crackdown on mortgage exit fees, customers are being warned to be careful when changing lenders. Mortgage website mform.co.uk has completed research showing that the average cost of closing a loan remains about £150. This is regardless of...