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.
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.
- Job cuts following TMB closure
- Customer agreed remuneration from AWD
- Homeowners sitting on lodger loot
- House purchases fall but prices rise
- AFB announces Board election results
- Trackers are best say Charcol
- Credit crunch or confidence crunch
- Zurich enhances its protection product
- Loan Options restructure
- Most endowments mis-sold
- TCF timebomb can be defused






