Tracker mortgages are directly connected with the Bank of England’s base rate. The Bank of England has a Monetary Policy Committee MPC which gets together on the first Thursday of each month to discuss the economic climate and decide whether the interest rate ought to be higher, lower or stay the same. The vast majority of mortgage lenders provide tracker mortgages which have an interest rate....
Read more at the source: Tracker Mortgages: Your Questions Answered
Posted Via: King Of Articles
Read more at the source: Tracker Mortgages: Your Questions Answered
Posted Via: King Of Articles
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