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rate rises

“Wait and see” mortgage borrowers too rate sensitive

by Gill Montia.

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Mortgage holders who are free to leave their deals are more likely to wait for their monthly payments to start to rise before making a switch, according to new research from moneyfacts.co.uk, on behalf of HSBC mortgage arm, first direct. The study defined “free to leave” homeowners as those who have dropped on to lenders’ [...]

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