A mortgage where the interest rate moves in line with a named benchmark, usually by a set margin above the Bank of England base rate.
By Justin Whitelock
Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)
A mortgage where the interest rate moves in line with a named benchmark, usually by a set margin above the Bank of England base rate.