Tracker mortgages are now cheaper than fixed-rate deals as anticipation of the first Bank Rate cut in four years grows. Around 1.5 million homeowners are currently on variable rates that follow the Bank of England’s 5.25pc rate, plus a set margin, but their uptake is predicted to grow. Today marked the first time since November that the average two…
Tracker mortgages are now cheaper than fixed-rate deals as anticipation of the first Bank Rate cut in four years grows. Around 1.5 million homeowners are currently on variable rates that follow the Bank of England’s 5.25pc rate, plus a set margin, but their uptake is predicted to grow. Today marked the first time since November that the average two…
