Summary
Nearly a quarter of homeowners are currently on their lenders' standard variable rate (SVR) as record low interest rates reduce the incentive to remortgage, research showed yesterday.
Around 27 per cent of people with a mortgage, the equivalent of five million homeowners, are on an SVR, the rate which people automatically revert to when their existing deal comes to an end.See the full content of this document
Extract
Low Rates Put Borrowers Off Fixed-Rate Deals
The majority of these people say they ha...
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