Rising mortgage costs: the options for struggling homeowners
Tips for securing a new deal and what to do if you cannot afford your monthly payments
Source: theweek.co.uk
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Will Britain's first 40-year fixed-rate mortgage tempt buyers?
© Nathan Stirk/Getty Images Why on earth would anyone want a 40-year fixed-rate mortgage? asks Sarah Davidson on inews. The truth is, however, that “it’s not as mad as you think”. Lender and online mortgage broker Habito launched Britain’s first 40-year fixed-rate mortgage this week with Habito One, which will offer fixed rate periods of between ten and 40 years. Until now, the standard repayment term for a mortgage has been 25 years at a variable rate of interest, with rates fixed, perhaps, for the first two or three years. What’s on offer The deal will be available in Englan...
Source: moneyweek.com