Real Estate

Introduction

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For a country so obsessed with home ownership, the UK mortgage market is pretty one-dimensional. The vast majority of mortgages are variable rate, or offer fixed rate for a specified amount of time - usually two or five years - before switching to variable for the remaining life of the product (although many borrowers remortgage at the end of their fixed-rate period). Mortgage providers live and die by their headline rate - the lower the better. In fact, some mortgage finance professionals c