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cashing in on rate falls

Published: 01/06/2009

Real Homes Magazine (Main)
The number of UK borrowers overpaying their mortgage has dramatically increased in recent months due to homeowners realizing it’s better to pay off more of their mortgage than to invest in savings accounts.


With millions of people on tracker deals benefitting from dramatically reduced monthly repayments – because of the low Bank of England base rate – it makes more sense to reduce your mortgage debt than to put the money aside in a regular savings account,’ says Andrew Hagger from the financial website www.moneynet.co.uk.
 

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