Thousands of homeowners could bag cheap fixed deals to reduce mortgage payments | Mail Online
Thousands of homeowners could reduce their mortgage payments by switching from a standard variable rate to a fixed deal.
About 2.2 million households are sitting on a bank or building society standard variable rate (SVR) paying about 4 pc interest.
However, a flurry of ultra-competitive fixed-rate deals have launched recently, allowing homeowners with 20 pc equity to lock into a rate below 4 pc for five years.
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