Are you on the best mortgage deal for you?

A survey by unbiased.co.uk has found that nearly half of all mortgage holders have failed to look at their mortgage arrangements in the last three years.

49% of borrowers admit that they have not reviewed their mortgage since the Bank of England’s base rate fell to 0.5% in March 2009.  In addition, 56% of mortgage holders say that they are in fact unaware of the interest rate that they are currently paying on their deal.

 

Source:  Credit Action – April 2012 edition

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