The Sunday Times - Homeowners happy to take a chance on interest rates
Homeowners are taking a gamble that Bank rate will stay low and are opting for cheaper variable-rate mortgages rather than the security of fixes, new figures show.
Aaron Strutt of Trinity Financial, the broker, said: “With so much uncertainty about the economy, taking a tracker that allows you to switch to a fixed rate when there is evidence that borrowing costs may rise is a sensible option.”
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