(from ‘What Mortgage’ magazine: www.whatmortgage.co.uk) There are more mortgage packages available in the UK than in the US. It is important to be familiar with these, so that our students pick the right mortgage for their investment. It is good to go over these again. Fixed rates When you choose a fixed rate deal, the interest rate you pay is fixed for a set period – for example 5.99 per cent for three years. The lowest fixed rates are available over shorter periods, but there are some longer-term fixes available […]
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