Saturday, Jun 19, 2010
Ome owners struggle to reduce size of mortgages
Daily Telegraph: Home owners struggle to reduce size of mortgages
When the Bank of England cut interest rates to 0.5 per cent more than a year ago, it was thought the move would allow home owners to use the spare cash from lower mortgage payments to make overpayments on their loans.
But a report from Capital Economics suggested lower rates have failed to help households to reduce their loans by as much as expected.
Posted by overnight will @ 12:35 PM (163 views) Add Comment
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