2.3m borrowers overpay on their mortgages

Aaron Strutt Image
Between April 2005 and March 2012, some 2.3 million borrowers paid off more than the contractual amount on their mortgages, according to Council of Mortgage Lenders (CML). Millions of homeowners are taking advantage of the record low interest rates. The CML predicts the number of outright owners could overtake the number of mortgage borrowers by 2014. December 14, 2012
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