The Sunday Times - Prepare for mortgage rate rises - September 2013

Aaron Strutt Image
Analysis by Trinity Financial, the broker, shows that someone who signed up to a five-year fix with Santander in 2010 at 4.99% would be charged £832 a month on an interest-only basis. They would pay £19,968 in the final two years of the five-year deal, which would expire in 2015. Aaron Strutt at Trinity said: “How long you fix depends on your circumstances and what you think will happen to interest rates. Five-year fixed deals still look attractive, but if you think Bank rate will rise, you may want to consider fixing for longer.” Click here to view the full story: http://goo.gl/QDgd6p £ September 15, 2013
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