The Telegraph - How a tracker mortgage could save you thousands of pounds
More than a decade of rock bottom interest rates led to fixed rate mortgages becoming the home loan deal of choice for borrowers.
Aaron Strutt, of broker Trinity Financial, told The Telegraph with rates currently low compared to fixed deals, taking out a tracker mortgage was a risk that many homeowners will think is worth taking.
He said: “If you’re coming up to the end of your fixed-rate and you’re faced with a 6pc fix, then switching to a tracker on 3pc is going to be very tempting.”
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