Monday, May 7, 2007

Remortgaging to increase as credit tightens

Rates to spark rampant remortgaging

Millions of homeowners could be forced to remortgage their property if interest rates go up as expected, it has been claimed... Research found that 14% of households feel they would have to refinance their loan if a rate rise boosted mortgage repayments by up to £50 a month. The figure represented about 2.6 million homeowners across the UK.

Posted by tinecu @ 11:08 AM (500 views)
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2 thoughts on “Remortgaging to increase as credit tightens

  • What a shame. In other words, what fun! The sheep have fallen for it and now it is time to fleece them! A little known fact is that in the UK there has been a recession start every 18 years for the past 300 years (excluding the war years). The last one started in 1989 so do the maths people.

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  • converted lurker says:

    does anyone bother reading the other blog posts? This is the 4th time this moneysupermarket pr piece has been posted, read down the list eh guys?

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