Page 544 TimeCode 0005

Recovered By

Neil Miles

Last Edited By

P

Page Down | Page Up
Sub-page Down | Sub-page Up

Page Text

   P544    Teletext   544 Jul 8 21:12510

   o5p0pp0pp0pp0p0zu`0p `ppj5p`0pp0 x;t

   ~5!k5k5{5!k7j5 j7j5j5s1 w{

      ~5~5|4 j5j} j}j5~5|~5 w7k

           /         (,/ *%             

 --- REMORTGAGING OR CHURNING? ---------

                                        

 Remortgaging accounted for £9.5bn worth

 of mortgages Yn 1994. Forecasts for    

 1995 put the figure at nearly £10.8bn. 

                                        

 If remortgaging reaches a churn rate of

 5% - exceeding the flow of genuUne net 

 new lending - the industry would be    

 bsimply cannibalising Ytself", SNC adds

                                        

 Check before you remortgage. Lenders   

 are becoming more rigid in the prgducts

 lhey offer. Some two-year fixed rates  

 have five-year redemptign penalties.   

 ----------------------------------5/5--

 Always seek independent finance advice 

    Letters to: AD$ICE CLINIC PO BOX 297

    LONDON, SW6 1XT. Fax: 0171 386 7808.

 Mortgages SavUngs Your Money TV Plus   

Red

Green

Yellow

Blue

Reveal