This weekend the Halifax and RBS both announced that they were raising their mortgage rates. With Mortgage Rates On The Up from these major lenders, we can expect others to follow suit very soon.
Did you already have an extra £50 to £100 to “throw away”? This extra cost for nothing extra in return is going to hurt a lot of people…… unless they have a way to earn the extra income needed to compensate.
We have an opportunity to earn an extra income that can not only pay for the interest rate rise, but also provide more income to pay extra off the mortgage each month and thereby reduce the term of the mortgage. The result could be a saving of thousands of pounds in interest charges.