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Recent Articles

Category Date Subject
Car Warranty 11/07 Warranty Cover Price Doubles at Franchised Dealers
Car Warranty 11/07 Over 1 Million Cars Will Break Down Just Outside of Warranty
Debt & Motgages 11/07 The Credit Crunch
Car Warranty 11/07 North South Divide as Garage Charges Top £183 an Hour
Energy 11/07 Avoid the Winter Bill Chill
Energy 10/07 Top 10 Tips for Saving Money on Energy
Prepaid Cards 10/07 ABC’s of Prepaid Cards
Energy 10/07 Barriers to Switching Energy Supplier
Credit 10/07 Consumer Credit Crunch
Energy 10/07 Consumer Prices are Standing Still – Why?
Energy 10/07 Lock in Savings Before the Winter.
Energy 10/07 Why do I Have a Paper Bill? 10 Reasons why you Shouldn’t.

Articles supplied by Xelecta plc, Warranty Direct Ltd and Brightside Plc

The Credit Crunch

There has been a lot of speculation recently about the ‘global credit crunch’ and how it will affect borrowers and lenders alike.

Borrowers have been warned that many of the mainstream lenders are increasing their interest rates despite the Bank of England leaving interest rates unchanged this month and this is causing a high number of borrowers to shop around for better deals

According to The Daily Telegraph, more than 250,000 homeowners who snapped up the best fixed-rate deals two years ago will see their mortgages mature between October and December this year, and will need to take action before their costs soar.

“These borrowers could see their average monthly payments increase by £200 a month, as they come off two year deals fixed at an average of just 4.56 per cent on to their lenders’ standard variable rates, charged at around 7.75 per cent on average”.

The good news is that even though fixed-rate offers have become more expensive over the last couple of years, borrowers can still save by remortgaging. Although many will see a high in mortgage rates, there are deals out there will make that rise as manageable as possible.

If you would like some advice on the best mortgage deals out there, why not give Brightside Mortgages a call. They will search the whole of the market for you and their experienced consultants will guide you through the entire process whether you're a first time buyer or looking to remortgage.

Give Brightside Mortgages a call on 0800 988 0986 and see if they can save you money!

If you have debt problems call Debt Help on 0800 970 3513

Or see www.brightsidemortgages.co.uk or www.debthelp.co.uk

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