When a Fix Is Better Than a Tracker

Daily MailMarch 19, 2008

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Summary


FIXED-rate mortgages have seen a dramatic slump in popularity as movers pin their hopes on more rate cuts later this year.

But opting for a tracker rate, which directly follows movements in Bank of England base rate, could leave you out of pocket unless rates drop dramatically.

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Extract


When a Fix Is Better Than a Tracker

Last July, almost eight out of ten mortgages taken out were for a fixedrate.

But the split between fix...

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