Mortgage borrowers are in safe hands

Remortgage is considered as a good option for those who want to terminate mortgage due to high interest rates or the due to inappropriate interest rates associated with it. Many borrowers choose this option to raise immediate funds to meet their financial needs and demands. However, borrowers also need to understand that the loan amount, equity and profits associated with it after selling the house and after full repayment of the mortgage would also be abridged.



The personal finance Website: Moneywise magazine has finally assured that mortgage holders need not to worry about anything. It’s a great sigh of relief for mortgage holders who are associated with Northern Rock. However, the editor has pointed out that mortgage borrowers need to do some market research while searching for re-mortgage option. A comprehensive market search is required while looking for the best deal available in the market.

On the other hand shareholders are still at risk. Borrowers are not affected at all with the nationalization of the Northern Rock. All these statements have already been published on the Website: moneywise.co.uk. So, it is now clear that mortgage buyers are not affected and should not worry at all.