|
< |
August |
|
| S |
M |
T |
W |
T |
F |
S |
|
27
|
28
|
29
|
30
|
31
|
1
|
2
|
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
|
10
|
11
|
12
|
13
|
14
|
15
|
16
|
|
17
|
18
|
19
|
20
|
21
|
22
|
23
|
|
24
|
25
|
26
|
27
|
28
|
29
|
30
|
|
31
|
1
|
2
|
3
|
4
|
5
|
6
|
| | | |
Latest News
<< Most Recent Articles
Some people 'may pay too much for their mortgage'
Househunters may find that they end up paying much more for a mortgage, it has been claimed.
A recent survey by Moneyfacts.co.uk has shown that the range of mortgage products available to consumers has decreased by some 60 per cent.
This has prompted comment from Louise Cuming, head of mortgage services at moneysupermarket.com, who claimed that the fewer choices available to people may signify an increase in the price of mortgage products.
Lenders are taking a more pessimistic approach to their lending due to the risk posed by the ongoing credit crunch, which means stepping away from "riskier" deals, Ms Cuming explained.
"Simple economics means less choice, more expensive prices," she said.
"We've also seen, at the same time as the lack of availability of products, the products that are available are being priced at a premium rate so costs are going up."
Last month saw over 2,000 products taken from the market, according to the Moneyfacts.co.uk research.
See how much you could save by checking out our Loan Calculator.
© Adfero Ltd
28/03/2008 15:42:11
Most Recent Articles
