Before the chancellor even gets to his feet on October 28th, the UK mortgage market is already pulling in two directions. Yet for contractors, the headline rate tells you little — just like how much point there is in approaching your current lender for the best deal, which could be as significant as £1,430 a year on a £200k loan; that’s a mere 1%.

​  Before the chancellor even gets to his feet on October 28th, the UK mortgage market is already pulling in two directions. Yet for contractors, the headline rate tells you little — just like how much point there is in approaching your current lender for the best deal, which could be as significant as £1,430 a year on a £200k loan; that’s a mere 1%.  

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Before the chancellor even gets to his feet on October 28th, the UK mortgage market is already pulling in two directions. Yet for contractors, the headline rate tells you little — just like how much point there is in approaching your current lender for the best deal, which could be as significant as £1,430 a year on a £200k loan; that’s a mere 1%.