From our Mortgage Bulletin Spring 2010:
The last year has been a tough one for many. Although, for a sizeable number - who are in employment and enjoying lower interest rates on their mortgage loan - they may feel it's left more money in their pocket than usual.
Much has been done though, to try and improve the financial climate. According to the National Audit Office, the government's response to this crisis shows that the purchases of shares by the public sector, together with offers guarantees, insurance and loans made to the banks has reached £850bn! (that's around £33,000 per household!!). Albeit they do expect about 95% of this amount to eventually be returned to the government's coffers. (Source: National Audit Office, December 2009) Continued...
Download the full Mortgage Bulletin Spring 2010 from Michael P Dorrington LTD - Liverpool.
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Your home may be repossessed if you do not keep up repayments on your mortgage.
* You may have to pay an early repayment charge to your existing lender if you remortgage.
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