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  • 1). Tracker Mortgages – Are They Worth The Gamble?  By : Joseph Kenny
    How well do you know the money market? A tracker rate mortgage has a variable rate, usually a set percentage above or below the Bank of England’s base rate. The arrangement is for a specified period of time, generally the first few years of your mortgage. Your monthly payments will move up and down according to the fluctuations of the base rate. One of the advantages of a tracker is that your interest rate is ‘tied’ to the Bank of England’s, not your lender’s SVR.
    Article Related to: mortgages, tracker, rate, interest, term, length, price, budget, finance, loan, secured, home



 


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