advice pls
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I often see the fact that trackers cost the banks money as a reason people feel a lump sum payment should result in a discount.
I was just wondering will this always be the case or say in ten or fifteen years time there be a point where rates are higher and things more stable and trackers will no longer be loss making? If so is it not in the best interest of the banks to refuse such offers from customers and since they are funded by the taxpayer in all our interests?
Apologies if this is a stupid question I've just never really understood how it works long term.
I was just wondering will this always be the case or say in ten or fifteen years time there be a point where rates are higher and things more stable and trackers will no longer be loss making? If so is it not in the best interest of the banks to refuse such offers from customers and since they are funded by the taxpayer in all our interests?
Apologies if this is a stupid question I've just never really understood how it works long term.
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