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UK homeowners could save GBP1.85bn by switching mortgage companies.

Publication: M2 Presswire
Publication Date: 29-OCT-04
Format: Online - approximately 625 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 October 2004-First Active: UK homeowners could save GBP1.85bn by switching mortgage companies(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:10312004

While government figures released this week show that house repossessions have leapt sharply to a four year high, research by...

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...new mortgage company, First Active, shows that almost four million mortgage holders could be paying too much for their mortgages.

There are 11.8m mortgages in the UK, with 4.13m people paying too much for their mortgages by being on a Standard Variable Rate, usually set by most banks at around 6.4%. The fact is...

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