But Ray Boulger, of mortgage broker John Charcol, said the recent increases may mean borrowers are now better off on tracker deals. The margin charged on five-year fixed rate deals has also increased,
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"I don’t know if I could swallow another 30 or 40 percent without severely cutting into other things I’m trying to do, like retirement savings or reducing debt," said Bob Byrnes, of Blaine, Minnesota,
Today, the rate will be 6.49 per cent. Ray Boulger, from mortgage brokers john charcol, said homeowners should expect rates to keep on climbing. The news comes after banking giant HSBC pledged to.
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Homeowners were today warned that mortgage repayments are set to rise in the wake of the Northern Rock debacle. Some could find their payments shooting up as much as. has been sounded by online.
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The alarm has been sounded by respected housing market commentator Ray Boulger. Mr Boulger, of mortgage brokers John Charcol, warned that the repossessions will be part of a wider property market.