Mortgage meddling's like something from cartoon

Unfortunately, their meddling is nowhere near as successful as that undertaken by the legendary ‘pesky kids’ of TV cartoon fame. Take the 25-year mortgage initiative. It was mooted as the panacea for those people that will struggle to cope with interest rate fluctuations and those seeking to avoid hefty arrangement fees when remortgaging. Unfortunately it has been embraced by consumers with the enthusiasm that greeted the unveiling of the Sinclair C5. These products may well depart the shelves with just as much speed as Sir Clive Sinclair’s ill-fated invention. According to a survey of 1...