The Telegraph - Homeowners can get a cheaper mortgage – as long as you gamble on a variable rate

by Aaron Strutt

Nov 23 2019

Homeowners could save up to £1,300 by taking one of the bargain variable-rate deals to the market. Analysis for Telegraph Money showed that those who are willing to gamble on a variable deal could save £700 a year on their mortgage, plus a further £600 if rates fall next year.

Aaron Strutt of Trinity Financial told The Telegraph: “Many borrowers worry about rates rising, so they take a five-year fix, but they may not be aware of how quick and easy it is to swap a variable to a fixed mortgage later on.”