Abbey: Mortgage deals could be improved
www.moneynews.co.uk > Mortgages > Abbey: Mortgage deals could be improved
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Money News |
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Abbey: Mortgage deals could be improved
Mon 21st Jan 2008
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Each person who does not remortgage to a better offer is wasting around £5 per day, the Abbey Mortgages data reveals.
Additionally, the study discovered that 47 per cent of homeowners say they do not regularly review their mortgage deal.
Nici Audhlam-Gardiner, head of mortgages at Abbey, said that the amount wasted by not remortgaging "is not an insignificant amount of money".
"Abbey currently has some great rates for remortgagers, including a market-leading three-year fixed-rate product at 5.69 per cent and competitive two, five, ten and 15-year deals," she added.
Earlier this month, Abbey research concluded that 99 per cent of Britons could benefit from getting their finances in better shape in the new year.
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