Wednesday 22 February 2017

A new approach to mortgages

Published 03/09/2010 | 05:00

IT is one of the more worrying developments of recent times that one set of mortgage holders is increasingly subsidising the lower interest rates being enjoyed by hundreds of thousands of others.

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Indeed, the chasm between those on tracker and variable mortgages -- already an estimated €150 a month -- will almost certainly widen with the burden weighing down countless households for years to come.

The issue is now reaching a critical stage.

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