A few short extracts from our Mortgage Bulletin Spring 2010...
Download the full Mortgage Bulletin Spring 2010 from Michael P Dorrington LTD PDF here.
"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..."
Protect the family...
"Life is complicated enough in the current climate, if you're healthy and have a regular income - imagine what it might be like if you had the additional financial and emotional problems that death, a major illness or long-term injury may bring.
That's why it's important to try and protect yourself against these events - and it might not be as costly as you think. Continued..."
Download the full Mortgage Bulletin Spring 2010 from Michael P Dorrington LTD PDF here.
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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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