Wednesday, October 19, 2016

Marooned

The buy-to-let borrowers 'marooned on high rates for life'

'Borrowers who reach the end of a fixed-rate deal, for example, and then roll over on to a standard variable rate, could find they are paying well over 5pc. This is considerably higher than many of the deals available to those meeting the new criteria.'

Posted by tom101 @ 09:05 AM (6045 views)
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One thought on “Marooned

  • Buy to let borrowers marooned with no facility to repay the outstanding capital might be another apt title – I’ve seen several people in this situation in the last few months and bankruptcy seems to be the preferred get out of jail card – I mean why would anyone in modern day society ever want to repay their debt’s !

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