Renegotiating your mortgage: a money-saving option
Posted on 09.02.2024Interest rates have pushed up the cost of access to credit, including mortgages. Is there any way for borrowers to save money? Renegotiating mortgages could open up a window of opportunity. Rising mortgage costs In an article in the Guardian on 4 January, Richard Partington wrote that homeowners are likely to see their mortgage costs rise by a total of £19 billion. This is because fixed rate deals are coming to an end. In other words, many borrowers will have to pay more each month. It i ...
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