Fixed-rate mortgages coming to an end, borrowers facing fees by Finance News Bulletin

Published: 05/12/07

According to the investment store Credit Suisse, as many as one in five homeowners in Britain could be facing a major upheaval with their mortgages As many borrowers with two-year fixed-rate mortgage loans timepiece their deals come to end, the result is increased repayments and unexpected feesAs many as one in five homeowners in the UK switched to fixed-rate mortgage products in August 2005 following an interest rate slash Many of these deals are now due to expire, and borrowers will be facing much more expensive mortgage loan deals, not to mention greater than before arrangement fees

According to the chief Economist at worldwide Insight, Howard Archer, affordability concerns will ensure the store of England does not increase interest rates Mr Archer reportedly commented that: "The housing market is pending off the boil as insist is increasingly pressurised by the rising affordability pressures stemming from far above the ground interest rates"Financing website points to GBP 207 investments for mortgage holders who shop around - Fri, 01 Jun 2007Today's Most Popular Results Mortgage Enquiry shape require Life Insurance

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