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Article: Homeowners feel mortgage pinch.
- Article from:
- Northants Evening Telegraph (Kettering, England)
- Article date:
- May 19, 2008
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Copyright informationCOPYRIGHT 2008 Johnston Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Homeowners who are finding their variable rate mortgages too expensive are increasingly choosing to remortgage, according to county mortgage brokers.
They say people are being more proactive, and remortgaging as soon as their fixed term mortgages come to an end in response to the increasing interest rates.
Darren Ward, a mortgage adviser at The Mortgage Centre in Kettering, said many of his customers were feeling the pinch.
He said: "We have certainly had a lot of people remortgaging in the past few weeks.
"Before Christmas we were selling tracker mortgages, but now everybody wants fixed rate ones, as the market is so volatile.
"At the moment there are ...
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