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Cheap mortgage rates: Can mortgages go up? Key factor which borrowers should be aware of

  • 📰 Daily Express
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The key factor which borrowers should be aware of when it comes to getting a cheap mortgage

Mortgage deals don’t last forever, so check the end date of your mortgage so you know when to start looking for another dealWhen this period ends, the borrower will be switched to the lender’s default rate, and this is known as the Standard Variable Rate .With the deal having come to an end, it may be that the rates increase when a person moves onto an SVR, as online mortgage broker Habito explains.

 

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