Thursday 09 February 2012 | RSS Feed

Borrowers spend more time shopping around

Research from Nationwide shows that borrowers whose deals are coming to an end will spend more time shopping around and will be more interested in rates and fees than they were a year ago.


14 August, 2008

It shows that over half (53%) say they are more interested in the rate they come to at the end of their mortgage deal than they were this time last year. This may well be because a quarter (25%) of respondents expect to pay their lenders' standard variable rate for longer than they would have done in the past. Over half (56%) say they are more likely to shop around for a new deal now than they were this time last year; and 64% say that the cost of the fee is just as important as the rate on offer.




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