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Does It Pay To Overpay

Expert Author: Micheal Challiner | Category: Mortgages Refinance

When the Bank of England base rate is low, your mortgage may be cheaper than you’d expected when you took the loan out. Lots of people (around 4 out of 10 mortgagees are now using trackers), have this type of loan, tracking the Bank of England’s base rate, plus just under one per cent above it. This may well be wonderful news when rates are low, but what do you do with the saving?

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Article Tags: mortgages, cheap mortgages, mortgage rates

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