Mortgage trick: RateGuard means you keep your ultra-low tracker AND protect yourself from interest rate rises | Mail Online
Rate rise fears could drive mortgage borrowers to 'waste £5bn', according to a pioneering ‘rates insurance’ service.
Insurer MarketGuard warns that if all borrowers on low-rate variable deals rush into switching to a fixed-rate, the money ‘wasted’ over the cost of taking 'rates insurance' instead would be £5billion.
But few mortgage customers choose the latter route – or have even heard of it.
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