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Standard variable rates save £2,600 a year

by Gill Montia.

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Around 1.8 million borrowers whose fixed-rate mortgages have come to an end are currently saving approximately £2,600 a year each, through having reverted to their lenders’ standard variable rates. According to new research from the Council of Mortgage Lenders (CML), many seem to be happy to adopt a “wait and see” attitude when it comes [...]

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