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Tag: mortgage

Fixed rate mortgages vs tracker mortgages

Fixed rate mortgages vs tracker mortgages

Finance
Fixed rate mortgages and tracker mortgages are the most popular loans on the market. Whilst all borrowers seek the best mortgage rate, there remains a lot of guesswork regarding which one is right. If economists can't agree on the direction of interest rates, what chance does a layman have? Are Fixed Rate Mortgages or Tracker Mortgages More Popular? Fixing a rate at a high level can be frustrating when interest rates start to come down. Similarly, tracker rates can prove expensive when interest rates start to climb to combat inflationary pressure. Which type of loan is preferred by borrowers? Data provided by the Council of Mortgage Lenders show that fixed rate mortgages account for 70% of all loans taken out in Britain. This demonstrates that homeowners prefer certainty. They...
Kyrylo Shevchenko: Home ownership Is a Characteristic Feature of Ukrainian Culture and Mentality

Kyrylo Shevchenko: Home ownership Is a Characteristic Feature of Ukrainian Culture and Mentality

General
Kyrylo Shevchenko, CEO at Ukrgas bank shares his insights in the bank’s transformation into the leading provider of mortgage loans, probability of the real estate market collapse and the odds of apartment loan rates decreasing. Alexander Sukov: Why was Ukrgas bank selected to launch 70/30, the government mortgage program? Kyrylo Shevchenko: First of all, it is quite obvious that a state bank should be chosen to launch the program developed by the State Fund for the Promotion of Youth Construction. Second of all, Ukrgas bank is one of the top mortgage providers. Our mortgage programs offer interest rates that are flexible and affordable for Ukrainians. Lastly, we have the largest number of affiliate programs with property developers put in place. Most importantly, these companies ca...