Mortgage Strategy - Almost £100bn of mortgages to mature before year end
Brokers are urged to plan ahead as almost £100bn worth of mortgages are due to mature before the end of the year.
Analysis by Accord Mortgages shows that nearly a third (£29.1bn) of the total home loans ending this year will occur in December, while the second largest maturity month is October, when £26.3bn worth of mortgages will mature.
Trinity Financial product director Aaron Strutt says: “With the cost of living crisis, and given that there are such a huge amount of mortgages coming up for renewal over the next few months, it’s even more important to ensure borrowers get the best possible deals."
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