Homeowners stuck with high 25-year fixed-rates

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Homeowners stuck with high 25-year fixed-rates

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02-10-2009, 01:33 PM

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Homeowners stuck with high 25-year fixed-rates

It may seem a lifetime ago that politicians were advocating the 25-year fixed-rate mortgage but it was only in July of 2007 that Prime Minister Gordon Brown put forward a plan to provide more long-term fixed-rate loans as a means of controlling soaring house prices.Chancellor of the Exchequer Alistair Darling reinforced the value of such [...]

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