Moneynet in The Press
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...but a switch may prove to be false economy if you have a small loan
Published: 10/01/2010 |
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Sunday Express (Financial) With several lenders setting their standard variable rates (SVRs) to almost 6 per cent, borrowers facing higher monthly repayments may assume they need to switch to a cheaper deal. “The situation is different for those who purchased a property 10 or 15 years ago when the average price was £77,968 or £51,084 respectively, and are approaching the latter stages if their mortgage term,” said Moneynet.co.uk spokesman Andrew Hagger.
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