Borrowers Drift out of Mortgage Deals Straight into Higher Repayments

Borrowers Drift out of Mortgage Deals Straight into Higher Repayments The number of mortgage holders on the Standard Variable Rate (SVR) mortgage has increased to 46% during the UK lockdown period, up 2% from March according to credit reporting company Experian. This means more borrowers are drifting out of mortgage deals and onto the standard rate offered by their lender, potentially costing them more each month with increased interest rates and higher mortgage repayments. A mortgage is typically the largest… Read more »

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Near the end of your mortgage deal? Rising inflation may push up interest rates. What does this mean for you?

Near the end of your mortgage deal? Rising inflation may push up interest rates. What does this mean for you? The rising price of petrol, gas and food in the UK are real concerns and many people are preparing for a noticeable change in their bills this winter. The country measures and tracks the cost of living using the rate of inflation and it is a good indicator to see how we are all financially effected. In March 2021 the… Read more »

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