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17 July 2010 : New Advice from the FSA

Moneymadeclear is a website from the UK’s Consumer Financial Education Body, established by the Financial Services Authority. In areas of personal finance it offers impartial information and tools that can help individuals work out what’s right for them and promises 'no selling, no jargon, just the facts'. The new section looks at mortgages for first time buyers and those looking to remortgage.

The new sections asks:

     'Have you asked yourself how an interest rate rise of 1% could affect your monthly repayments?

     'Dig out the 'Key Facts' paperwork you received from your lender when you took out your mortgage. This shows your interest rate deal and when it ends.

      'Now take a few minutes to give your finances a health check with our mortgage toolkit, so you can understand your options and plan ahead.'

To go to the MoneyMadeClear site Click here

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