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fix that mortgage as storm clouds hover
Published: 08/03/2010 |
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Liverpool Daily Post (Main) Britain’s lowest ever Bank base rate of 0.50% celebrated its first birthday last week, and while it has provided an easy ride for borrowers on cheap variable rate (SVR) mortgages, savers, however, saw their income almost wiped out. Andrew Hagger at Moneynet.co.uk points out that borrowers leaving variable rates for trackers and fixes should always check to see if the new loans limit the level of overpayment allowed each year, on SVR loans, there is rarely any limit.
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