Mortgages rise within HOURS of Budget: Natwest, HSBC & Barclays all put up rates


A spokesperson for Barclays Mortgages, which commissioned the research, said people find mortgages difficult to get their head around.

“It’s clear from our research that many find re-mortgaging a tricky subject to understand, even though UK adults have been on the mortgage payment ladder for an average of 13 years and five months,” the spokesperson said.

“As a result of lacking knowledge in the subject, homeowners are sticking with what they know and not exploring new options when it comes to re-mortgaging.

“With the average amount left to pay on a mortgage at 45 percent, re-mortgaging sooner could end up saving them money – not only month to month, but over the whole of their mortgage-paying life.”


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