What we were blogging this time last year...mortgage guide following the Bank of Englands interest rate drop to 5,25%....
"The FSA’s (Financial Services Authority) report estimates that 1.4 million homeowners will see their mortgage repayments rise by an average of £210 during 2008, as their low fixed-rate mortgages are due to come to an end. This, according to the Council of Mortgage Lenders, means that as many as 123 homes could be repossessed every day this year.
However, it’s not all doom and gloom for home owners. The Bank of England dropped its interest rates again in February – now down to 5.25 per cent – and there is wide speculation that this trend is set to continue..."
Click here to read this mortgage guide article in full.
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