Mixed Views About Rate-Rise Mortgage Insurance Plans ; Personal Finance
Birmingham Post › July 19, 2008
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Summary
Although interest rates usually fall when recession looms, there is no guarantee this time. If UK rates rise from here, homebuyers lacking the protection of a long-term fixed rate mortgage could be squeezed.
This fear of "what lies ahead" will boost the appeal of a new product in personal finance launched on July 2.See the full content of this document
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Mixed Views About Rate-Rise Mortgage Insurance Plans ; Personal Finance
Interest rate insurance is pioneered by MarketGuard, a company belonging to the Association of British Insurers (ABI) and approved by the Financial Services Authority (FSA).
Its policies will pay out when mortgage rates exceed a level specified when they are...See the full content of this document
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