Don?t hoard cash; Overpay your mortgage

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Don?t hoard cash; Overpay your mortgage

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01-23-2009, 12:50 PM

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Don?t hoard cash; Overpay your mortgage

Homeowners should use the Bank of England’s recent rate cuts as an opportunity to overpay on mortgage payments, according to banking group HSBC.Thousands of pounds worth of interest can be saved by tracker customers if they choose to overpay, HSBC said.Tracker mortgages follow the Bank of England base rate. Consumers holding a tracker mortgage have [...]

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