Wednesday, November 19, 2008

Mortgage Cuts

You may be aware that the UK interest rate recently dropped from 4.5% to 3%. I am lucky enough to have a tracker mortgage which means that it is guaranteed to follow the base rate. This means that my mortgage payments will be reduced now. This is great news, it means that coming up to Christmas we should have a bit more money and then into the new year we will be able to start paying more money off our mortgage again which is fantastic news.

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