Mortgages. Carrots and Sticks. Page 2

If you prefer an interest only mortgage ,

Best mortgage deal UK, put your best foot forward!
You'll have to shop around to get the best mortgage deal. This article advocates Ask, Ask, Ask and don't be shy!
Interest Only Home Loans
An introduction to the workings of an interest only mortgage.
Mortgage - does it give the best deal against your home
A basic intorduction to the different types of mortgages available and their uses.
Foreign Currency Mortgages. What are they and what are the risks?
Foreign currency mortgages could save you a lot of money but the risks are high. This article explains.
Loans. Mortgages. Credit cards. Interest rate rises around the corner.
The financial institutions are expecting interest rates to rise. When and what's expected?
then the payment hike after the introductory period, is even more savage. Payments rocket by 233% from £203 to £676 per month.

But it seems that the vast majority of borrowers choose to stick with these sorts of deal. According to a spokesman from the Portman, these mortgages suit borrowers who want to defer the full cost of a mortgage for a few years and 90% stay loyal after the fixed rate ends. We think that simply means that 90% of borrowers can't face paying the swinging penalties!

If you think you'll find these hikes too much to stomach, you should consider the best of the two year deals without extended penalties. Take a look at the Yorkshire Building Society – they currently offer a 4.38% deal and you can move without a fee.