Covid-hit homeowners fear getting stuck on costly mortgage deal

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Brokers say borrowers with reduced incomes should not assume they must move to standard variable rate

Photograph: Nathan Stirk/Getty ImagesPhotograph: Nathan Stirk/Getty ImagesA third of borrowers who have seen their income fall as a result of the pandemic fear they may not be able to remortgage, research has found – but brokers say they shouldn’t just assume they have to move onto their lender’s costly standard variable rate .

Source: Loan Digest (loandigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

They should rent instead, much nicer!!

When inflation hits then interest rates will rise. Good luck if you have a large mortgage.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in UK

United Kingdom Latest News, United Kingdom Headlines