Don't use APR when comparing fixed rates to variable.
Sneaky! Makes their rate appear lower than it actually!
Being on a variable rate on a principal residence is gambling on having a roof over your family's head in years to come, and personally I think it's financially reckless.
I know that there are collar and cuff trackers in the UK market which put a lower and upper bound on a tracker. Perhaps the banks may provide products along these lines?
Would you have said the same thing 18 months ago ?
If interest rates were to rise a lot, it is very likely that salaries will also rise in line.
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