When a fixed term comes to an end then a borrower reverts automatically to their lender’s standard variable rate (SVR). But brokers say these SVRs have soared, meaning anyone who adopts a wait and see approach would see a massive jump in the rate they pay, and therefore a much higher monthly mortgage bill.
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‘I pawned my wedding rings for £200 to pay my bills’
admin, , Business, 0
Nathan Finch, managing director of the pawnbroker we visited, said he had seen an uplift in business due to...
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Greggs to create 500 jobs as it plans 100 more stores
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“It has already started playing up the passion that its customers have for its food, but if it hopes...
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Holidaymakers caught out by 10-year-passport rule
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“But if you’re travelling later, maybe in the May bank holidays or the summer holidays then you’ve got time...
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Economic outlook ‘unusually uncertain’ despite ‘rapid’ vaccine rollout
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“The Bank of England is facing the same cross-currents. Since its previous meeting in February, most developments – notably...
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Fuel supply: Military to deliver petrol to UK garages from Monday
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Almost 200 servicemen and women will provide “temporary” support to help relieve pressure on UK stations.
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Don’t holiday in amber list countries – Boris Johnson
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“We don’t want to stop travel altogether and the reason, as Matt Hancock set out, that we have...
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Air traffic control: Government rules out cyber attack as thousands stranded
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Michael O’Leary, boss of Ryanair, said they had to cancel about 250 flights on Monday, affecting about 40,000 passengers....
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Fears for 5,000 UK steel jobs as lender collapses
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“The joint administrators are in continued discussion with an interested party in relation to the purchase of certain Greensill...
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