Are you being stung by a mortgage laziness penalty? Borrowers who fail to remortgage are paying £400 a year too much



Mortgage borrowers who are loyal to their lender are paying hundreds of pounds more than they would if they remortgage at the end of their deal.
Consumer watchdog Citizens Advice has slammed banks and building societies for not being upfront with homeowners about how much money they could save if they switched to a new deal instead of rolling onto their lender's standard variable rate. 
According to the body customers are paying around £400 extra a year if they fail to remortgage - though the actual amount varies depending on the deal you were on and the SVR charged by your lender. 
The... read more

 
27 July 2017 in Business, Views: 53
Source: Daily Mail
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