The majority of UK mortgage lenders are allowing homeowners to pay unnecessary interest on their ...
The majority of UK mortgage lenders are allowing homeowners to pay unnecessary interest on their home loans, according to research undertaken by Yorkshire Bank. The research, which was conducted by Taylor Nelson Sofres, says this is totally out of step with homeowners' increasingly complex financial expectations. The findings of the research demonstrate that in 1998 only 25% of people wanted a mortgage that could combine all their personal finance needs but by 2001 this figure had more than doubled to 52%. A mortgage that would let them pay more when flush and less when money was t...
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