Your Money: We Saved Pounds 100 On New Loan ; Case Study

Sunday MirrorApril 20, 2008

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COLIN Reid, 32, and his fiancee Jamie Adams, 33, saved nearly pounds 100 when they switched mortgages last month.

The couple's 22-year repayment mortgage was on a two-year fixed rate at 4.69 per cent with Portman, and if they hadn't remortgaged they would have been paying pounds 908 a month at the standard variable rate of 6.49pc. With the help of mortgage broker London & Country Mortgages, they are now on a two-year tracker deal with Abbey at 5.23 per cent, and monthly payments cost pounds 814 a month.

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Your Money: We Saved Pounds 100 On New Loan ; Case Study

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