Top rates for early mortgage repayment
Article Abstract:
Investors should consider repaying part of their mortgage as an investment since real interest rates that can be gained from doing this are attractive compared with many alternatives. In 1980 real interest rates were negative and there were stronger tax advantages to holding a mortgage, but these tax advantages have decreased. There are a number of lenders who take off extra payments by borrowers from the mortgage debt even when only small amounts have been paid. There are more benefits if the debt is repaid early in the life of the mortgage.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Familiar worries for the long-term saver
Article Abstract:
United Kingdom interest rates are rising which is benefiting savers as has the increase in savings products available. Fixed rates are suitable for savers who see interest rates as likely to drop but variable rates offer rises for savers who see rate rises as likely. National Savings offers five-year bonds, and Tessas are also available for savers prepared to commit funds for five years. Early withdrawals from savings bonds can bring penalties.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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