A Short Beginner’s Guide To Remortgages By James Kinley Nearly everyone is familiar with a mortgage, as it’s a banking term for a loan granted to purchase a home. Such a loan is secured against the purchased property, so if the loan is not paid as to the agreed upon terms, the lender has the [...]
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Tagged in analysts, bank of england, frantically, interest rate hikes, john charcoal, mortgages, mortgage borrowers, mortgage broker, mortgage repayments, Problem Remortgage, remortgage, remortgages, standard variable rate, svr, tracker mortgage and variable rate
Remortgages Proving Popular After Interest Rate Hikes Five interest rate hikes in less than a year have prompted a rush of remortgages as homeowners frantically search for cheaper options, rather than reverting to standard variable rate mortgages once their fixed rate deals expire. Since August 2006 the Bank of England base rate has jumped by [...]
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