Mort­gage mys­tery

The Chronicle - - National -

MORE than a quar­ter of mort­gage hold­ers do not know what in­ter­est rate they pay, a sur­vey has found.

Some 27% of those with a mort­gage ad­mit they do not know what rate they are on, a sur­vey of more than 2,000 peo­ple for the Home­own­ers Al­liance found. The find­ings were re­leased af­ter the Bank of Eng­land base rate was in­creased this month for the first time in over a decade, mean­ing vari­able rate mort­gage hold­ers face higher costs.

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