When most of us search for a new mortgage, or shop around for a remortgage, we tend to concentrate on headline rates of interest.
However, although the interest rate (and how interest is charged, such as fixed, discounted, capped or tracker rates) is the primary concern of mortgage borrowers, you need to look beyond mouth-watering rates of interest. Indeed, as I warned in Beware Of The Nasty 99s, mortgage lenders manipulate their rates in order to take advantage of our tendency to round down to the nearest digit. Hence, a remarkable number of mortgage rates are to be found at the .99% and .49% marks!…