Banks found to offer cheapest mortgage rates by Finance News Bulletin

Published: 14/01/07

Banks offered the cheapest standard variable mortgage tax in 2006, according to the latest info, in news that is sure to interest homeowners across the UKAccording to an independent monetary study from research company Defaqto, the cheapest mortgage rate obtainable in 2006 for alive borrowers with a £50,000 loan came from HSBC, which offered interest costs of £2,88801Meanwhile, clever Finance, which is an internet and phone-only division of HBOS, came in second in the study with interest of £2,918

08However, the survey found that homeowners who chose the least competitive criterion variable speed were paying £49363 extra per year on the same mortgage David Black, head of banking at Defaqto, supposed that the research underlines the significance of comparing mortgages

"While it is recognised that standard variable speed mortgages are only one type of mortgage, they can represent an significant benchmark in competitiveness," he saidTypically, mortgages revert to standard variable tax after the expiration of an initial limited-term mortgage rates offernowadays's Most Popular Results Mortgage Enquiry Form require Life Insurance ------ Mortgages - Information Mortgages - Home ------ Financial Services - HomeNone of the information on this website is future to promote any specific mortgage product or give mortgage advice

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