Pay Less When Remortgaging - 2005-02-22
Remortgaging is a task that befalls many of us in our quest to reduce our expenses. We all know how worthwhile it can be - every 1% saved on the interest rate of a £100,000 repayment mortgage could equate to saving £1,000 each year, for example.
Additionally, with house prices having climbed so dramatically over the last few years, many of us have been forced to take out larger mortgages. Deposits are larger – so the 10% standard deposit we used to be able to afford is more likely to be 5% now, with many people even taking out 100% mortgages.
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