The Times reported this weekend on the recent slowdown in the Chinese stock market, with experts suggesting that recent activity could result in a push back of the date of the first interest rate rise. Mortgage brokers suggested however that further rate cuts are unlikely in the short term, and borrowers are still being urged to act now if they want to secure a competitive fixed rate.
The Sunday papers focused on the growing trend for 35-40 year mortgage terms, as borrowers seek to make their home loans affordable. The Independent on Sunday highlighted the need for borrowers to consider the implications of paying a mortgage into retirement, while the Observer revealed that debt charities have seen a significant increase in older borrowers contacting them for advice.
Elsewhere, the Sunday Times provided tips for younger homeowners, including overpaying on their mortgage whenever possible, while the Mail on Sunday suggested borrowers check comparison websites and talk to a mortgage broker to help them navigate the huge number of deals currently available on the market.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE