Half of all homeowners whose fixed rate deals end soon have not started looking for a new mortgage deal, according to Moneysupermarket.com.
The news comes as over £30bn of fixed rate mortgages come to an end during July, with most homeowners set to pay considerably more. A poll of Moneysupermarket.com users found 51% of homeowners with fixed rates have not started looking at new deals, despite approaching the end of their low rate deal. The poll found one in six have found a new mortgage deal, but fear they will face difficulties meeting their new monthly repayments, while 18% have struggled to find deals they can afford. Louise Cuming, head of mortgages at Moneysupermarket.com, comments: “Many homeowners will be plunged int...
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