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Borrowers unaware of their mortgage rate

Almost two-thirds of borrowers have no idea what interest rate they are paying on their mortgage, according to research by Yorkshire Building Society.

Sixty per cent of borrowers in the survey admitted they were unaware of the interest rate they were on despite recent publicity highlighting cheap rates and the benefits of remortgaging.

The society claims borrowers staying loyal to costly lenders could be paying up to £270m more per year than if they switched to one of the leading mutuals.

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Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.

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