Posts in the Debt Management category

Debt Advice from HSBC

2009-01-23 09:38:13

HSBC are going to write to 30,000 of their customers about the mortgages that they have taken out with the lender, encouraging them to make overpayments on their loans in an effort to help debt management attempts.

The advice encourages borrowers to take full advantage of the falls in interest rates which have been happening over the past few months - they found that a typical borrower is saving £218.08 per month now on their mortgage, compared with their initial repayments.

So, why not take advantage of the interest rate dives? If you have the money spare, you may as well as it could reduce your mortgage term by years!