Mortgage Terms Extending
Published / Last Updated on 25/08/2008
Mortgage Terms Extending
Increasing numbers of homeowners are extending the term of their mortgage to cut repayments to cover rising mortgage repayments, food, utility and fuel costs. According one report, in the last two months between 10 per cent and 15 per cent of clients who have remortgaged have either extended the life of the mortgage or switched to an interest-only deal.
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