IT CAN be one of the most refined pieces of financial torture ever invented. You take out a mortgage, only to watch interest rates fall again and again while you still seem to be paying just as much.
Last week the Bank of England Monetary Policy Committee added to such misery by cutting its key base rate to 4 per cent, the lowest since 1963. And many commentators are convinced that will not be the nadir. Further cuts may be on the way.
There are hundreds of pounds a month to be saved by constantly scanning the "best-buy" tables and moving to a lender offering a more competitive mortgage rate.
But the remortgaging game has reached epidemic proportions, accounting ...
0 comments:
Post a Comment