Borrowers throughout the UK are coming to the end of their fixed-rate mortgage loans, and experts are warning that arrangement fees could cause just as much of a shock as higher interest rates .
The second quarter of 2005, almost two years ago, saw many borrowers taking out fixed-rate mortgages at low rates of interest . Experts advise borrowers seeking a remortgage to look for a further fixed-rate deal to soften the blow. Arrangement fees of up to £1,000 are worth considering.
As many as one million people could be facing a financial shock over the course of 2007. The Mortgage Advice Bureau indicate that in April and June 2005, just under 180,000 people could face their mortgage deal ending.
The MD of Mortgage Force, Rob Clifford, was quoted in the news as saying: "The payment shock for some people will be significant. Not many people can afford a monthly cost rise of 25%."
Fixed-rate mortgages causing concern
Mortgage Quote Line
0845 108 0505
Fixed-rate mortgages causing concern
Thu, 07 Jun 2007
Recommended links
Mortgage enquiry formToday's popular mortgage results
Remortgages introduction
How do interest rates affect mortgage repayments?
Banking institution unveils fee free mortgages
Fixed-rate mortgages coming to an end, borrowers facing fees
A guide to fixed-rate mortgages
New fixed rate mortgage available from first direct
New fixed rate mortgage from Britannia
Mortgage lender offers fixed rate for a decade
No more cheap fixed rate mortgages
Leeds to launch new two-year fixed rate mortgage
Fixed rate mortgages expanded at Skipton
Fixed rate mortgages set to rise in price
New fixed rate mortgages from AandL
Cheaper fixed rate mortgages predicted
Mortgages Direct: Fixed rate deals still popular
Leeds and Holbeck launches new fixed rate on ten-year deal
Leeds launches 10-year fixed rate mortgage
Fee-free fixed rate mortgage offered by Bradford and Bingley
Mortgage lender launches fixed rate deal
Fixed rate mortgages from Chelsea increase
Fixed rate mortgage launched by West Brom
Competitive fixed rate mortgages behind market buoyancy
Ten-year fixed rate mortgage from West Bromwich
Fixed rate mortgages many and tempting
New fixed rates for Nationwide mortgages
New fixed rate mortgage from Leeds andamp; Holbeck
New fixed rate mortgage from Britannia
Charcol: Find a mortgage now if you want fixed rate
Fixed rate mortgages set to expire
Leeds Building Society launches fixed rate mortgage
| mortgages news |
|---|
| Mortgage lending still low, figures reveal - Mon, 05 Jan 2009 |
| Mortgage lenders will follow Nationwide's lead, expert claims - Mon, 05 Jan 2009 |
| Nationwide to freeze tracker mortgages - Fri, 02 Jan 2009 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage