The Sunday Times - Don't be caught out by a 'discount' mortgage - November 2013
First-time buyers looking to get on the property ladder should be wary of some eye-catching mortgage deals that come with a sting in their tails.
Aaron Strutt of the broker Trinity Financial said: "Taking a cheap discounted mortgage may sound like a good option, but in reality they are not always sensible, especially for first-time buyers and borrowers stretching to get on the property ladder. If the mortgage lender decides to raise its standard variable rate, borrowers will see their monthly repayments increase."
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November 11, 2013
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