Summary
MORTGAGE lenders are trapping unwary customers into paying more than they need to for their home loans, a consumer group said.
Consumer magazine Which? said seven of the UK's top 20 lenders charged interest on an annual basis rather than calculating daily or monthly on at least some of their mortgages, while one bank charged annual interest on all its products.See the full content of this document
Extract
Alert Over Loan Rates Rip-Off
Charging interest annually means borrowers...
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