The Times - Crunch time for homeowners as £22bn worth of mortgage deals end this month
Thousands of mortgage borrowers are facing a decision as their mortgage deals that come to an end this month are worth a total of about £22.3 billion. This is double the amount of the previous month.
Unless these people act with speed, they will be switched onto their lender’s standard variable rate and suffer an increase in their monthly repayments.
Aaron Strutt of Trinity Financial told The Times that remortgagers tend to favour fixed-rates, but notes that offset mortgages are returning to popularity as homebuyers with savings get fed up with meagre deposit rates.
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