Buyers Warned Over 'Hangover' Mortgages (Sky News via Yahoo! UK & Ireland Finance)

Would-be homeowners have been warned not to be seduced by attractive headline rates that could see them having to cope with a heavy "hangover" mortgage. Hamptons Mortgages said that by not paying attention to the fine print, policyholders could get lumbered with extended early redemption penalties and a commitment to stay on poor rates for a fixed period. More...