Scary SVRs

Posted on 24 October 2007 by Drew

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With Halloween just one week away we creative types look for ways to use this day to promote mortgages.  Tenuous I hear you cry...Well, here goes.  The scariest thing in a lot of people's lives, mother-in-laws aside, is their finances.  As the biggest financial commitment that most of us will ever make, a mortgage is the most notable horror (see where we are going here?).  Well, some 12,000 mortgage holders are due to come off very favourable fixed rates by the end of 2007, leaving them on the lender's Standard Variable Rate (SVR) - the vampire of the mortgage world.  Ok, so you will have had enough of this by now.  Point is, don't get stuck on an SVR, they will bleed you dry...

Categories: Mortgages, Interest rates

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