Investment mortgages under fire

Friday 11 April 2008

A survey by home owners lobby group VEH shows that 80% of people are unhappy with their investment mortgage, reports Friday's Telegraaf.

Of the 1,500 questioned for the survey, 62% found the costs too high and 50% still had questions after reading the policy.

The VEH says that since insurers have been obliged to reveal the costs of an investment mortgage, confidence has plummeted from 50% last summer to 1.4% now.

A spokesman for the lobby group told the Telegraaf that forcing insurers to be transparent about costs had opened people's eyes to the downside of investment mortgages.

© DutchNews.nl

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