Proportion of people searching for tracker mortgages ‘rose in May’

In the month of May, many people in the UK started using mortgage trackers, to see if there are better options out there to pay for their homes. Tracker deals only are beneficial if the rates stay low. If the rates rise you may end up paying more than previously thought. The bank of England governor said they just provide guidance based on economic projections to new inquiring homeowners.Activity dropped, but is expected to rise again soon.

Read more: Proportion of people searching for tracker mortgages ‘rose in May’

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