Choosing the most appropriate mortgage deal can be a tricky business and there are a number of perfectly viable strategies that homeowners can choose from at any given time. However, now could be the right moment to put your mortgage arrangement under the microscope and figure out whether your current deal is fit for purpose.
The price comparison website MoneySupermarket.com has taken another look across the entire mortgage market in the UK and pointed to a number of significant shifts in the way products are being offered. The average rate of interest on the products on the market have “crept up” in the early months of 2012, while borrowers with a standard variable rate (SVR) mortgage have been “hit by hikes”, the company maintains.
And the changes could leave t...Read More