Are 15-year fixed-rate mortgages a price worth paying for security?

They last appeared during the financial crisis and as turbulence again looms, they’re back

With the value of sterling a fraction of what it was three years ago, the threat of post-Brexit food shortages and the prospect of a recession looming, British households could be forgiven for seeking some sense of calm and consistency in their finances.

For many, that may come in the form of knowing how much they will have to pay to keep a roof over their head, no matter what happens to interest rates in any future turbulence.

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from Property | The Guardian https://ift.tt/32nmWxV
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