Half of the UK's 11 million mortgage borrowers would prefer to shorten the term of their home loan r...
Half of the UK's 11 million mortgage borrowers would prefer to shorten the term of their home loan rather than pay smaller monthly repayments, research suggests. Independent mortgage intermediaries Charcol commissioned a MORI survey to discover more than half of all UK borrowers use a variable rate mortgage when IFAs believe there is a wide range of deals which will pay their loan off quicker, yet seven out of ten homeowners have never remortgaged their homes. Alison Coole, spokeswoman at Charcol says: "Over half of all homeowners are still paying their lender's standard variable ra...
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