moneynet in the press

What Mortgage (web) – 12th February 2007

FIVE CARDINAL RULES FOR REMORTGAGING

Most panic at the range of offers and fall at the first hurdle seduced by tempting sales tactics and juicy offers. Richard Brown, chief executive of Moneynet.co.uk, urges buyers to beware of just this and walk on by the too good to be true deals.
Instead Brown advises those thinking about switching their mortgage to a different lender to follow the five simple steps laid out below to avoid any nasty surprises further down the line.

Kent Life – 1st February 2007

A FOOT ON THE LADDER

“First-time buyers will feel the pinch too with the latest interest-rate increases,” says Richard Brown from the financial website Moneynet.co.uk. “Our figures indicate that the average first-time buyer with a salary of £36,000 will be needing a mortgage of £145,000 at four times their salary”.
“This means that, at five per cent interest rate, this will be costing them £850 in monthly mortgage repayments, or nearly 40 per cent of their take-home pay”.