Borrowers confused over mortgage rate savings

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Borrowers confused over mortgage rate savings

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11-27-2007, 06:53 PM

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Borrowers confused over mortgage rate savings

Latest research from Nationwide Building Society has revealed that 75% of UK adults do not understand the monetary value a 1% difference in mortgage rates. Participants in the survey were given details of two five year mortgage products to compare: a £120,000 mortgage with an interest rate at 5.6% and the same mortgage with a [...]

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