Summary
Mortgages offering a mouth-wateringly low rate followed by a compulsory period of standard-rate borrowing can be catastrophic for householders.
That is why Financial Mail never includes such deals in our best- buy tables.See the full content of this document
Extract
Homebuyers at Mercy of Twist of the Screw...
Some unfortunate borrowers with the Portman Building Society now being subsumed into rival Nationwide are learning the hard way.
They signed up to a two-year mortgage deal in June 2005 when the rate was fixed at an ...See the full content of this document
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