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.
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.