2 Apr

Help for fixed-rate movers offered

Help for fixed-rate movers offered

Advice has been released for people about to leave their fixed-rate mortgage deals by the Money Advice Trust.

The trust said that its main aim is to forewarn consumers about the price rises they might face when their current deals come to an end.

In tandem with the Council of Mortgage Lenders (CML) it will allow these homeowners to think about alternative deals.

Director general at the CML Michael Coogan said that because of the uncertainty currently being seen in the housing market, such help is crucial.

"A large number of borrowers are likely to see their mortgage costs rise when their fixed-rate deals expire this year. We may be past the peak of the payment shock this will produce, but market conditions remain uncertain and borrowing costs are continuing to rise," he noted.

Moneysupermarket.com this week suggested that smaller service providers are offering the best mortgage deals in the present climate.ADNFCR-1222-ID-18533892-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.