I keep reading that such and such a lender is 'offering a 2 year fix' at such and such a rate.
Great. But on what basis?
I have usually taken this in the past to mean an interest only situation, but with many people like myself looking to remortgage in their 50s and 60s, plus tightened lending rules, I doubt very much that many people end up paying as little per month as the 'headline rate' suggests.
Can anyone tell me the actual position for practical purposes?
Great. But on what basis?
I have usually taken this in the past to mean an interest only situation, but with many people like myself looking to remortgage in their 50s and 60s, plus tightened lending rules, I doubt very much that many people end up paying as little per month as the 'headline rate' suggests.
Can anyone tell me the actual position for practical purposes?