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Sky: Victims Coming Off Fixed Loans To Pay Hefty Fee

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Alert Over Fixed Rate Mortgages
Updated: 12:05, Monday June 04, 2007
Home owners coming towards the end of fixed mortgage deals are being warned to expect a hike in arrangement fees as well as higher repayment rates.
People who took out a two-year fixed rate mortgages in the second quarter of 2005 could see their monthly mortgage bill rise by up to a third, research found.
Be on the look out
Be on the look out
Brown Balls are coming to get YOU
And by moving to a new fixed deal to soften the impact, borrowers could be forced to stump up fees in excess of £1,000 to obtain today's leading rates.
In all, up to one million people could be heading for a nasty shock as they see deal terms finish and mortgage rates jump in 2007.

SKY busy putting the frighteners out.

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