Money Box Live: Mortgage Affordability
Money Box
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How to Manage Expectations for Fixed Rate Mortgages
The majority of fixed rate mortgages in the UK that will come up for renewal this year were fixed at interest rates below 2%. What kind of rates can those people expect now? Very similar to VON, really. We're looking at between 5% to 6% and they're changing on a daily basis at the moment.
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