Families Must Find Pounds 200 a Month More As Cheap Loans End
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Summary
FAMILIES were last night warned to brace themselves for much bigger mortgage repayments when their fixed-rate deals run out.
About 450,000 homeowners could have to find Pounds 200 a month extra when their two-year deals come to an end in 2005.See the full content of this document
Extract
Families Must Find Pounds 200 a Month More As Cheap Loans End
In 2003, 36 per cent of buyers opted for fixed-rate mortgages, for which the average interest rate was 4.23 per cent.
Since then,...See the full content of this document
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