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04 Mar 2010
A mortgage is likely to be the most significant expense that most of us
will face in our lives, and yet a surprising number of people would not
be able to say which rate they were currently on.
According to recent
research by the Post Office, 28% of mortgage holders do not know what
interest rate they are paying on their home loan. This amounts to a
staggering 3 million UK borrowers who could potentially be paying back their
mortgage loan at an uncompetitive rate.
25 Feb 2010
Originally introduced in the late eighties, the fixed rate mortgage has recently celebrated 21 years in the mortgage
marketplace. Back in 1989, when there were a mere 12 fixed rate
mortgage products on the market, the average UK house price was
68,933GBP and the average earnings stood at 12,678GBP, according to UK
lender Halifax.
Since then, fixed rate mortgage products have come to dominate the
UK market, with a total of 68% of UK mortgage lending based on fixed
rate products in 2009, according to figures from the Council of Mortgage
Lenders. We take a look at the fixed rate mortgage, and why it may be a
suitable product for you.
11 Feb 2010 "If buying to let seems a good investment for you, bear the following things in mind before you start looking for the perfect property. As always, careful planning is the key. Here are my top ten tips for buying to let in 2010."
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