Homebuyers Face Soaring Loan Costs

Daily MailFebruary 13, 2008

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Summary


HOMEOWNERS have seen the cost of mortgage deals spiral by more than Pounds 1,300 in the past year.

Figures reveal that since the beginning of February 2007, mortgage lenders have been steadily increasing the price of two- year fixed, discounted and tracker home loans.

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Extract


Homebuyers Face Soaring Loan Costs

And it has left remortgagers having to find an extra Pounds 55 a month for their mortgage bills. The Bank of England has cut the base rate of interest twice recently in a b...

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