Fixed rate mortgage payment
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This eats away at the value of a long-term fixed instrument like a bond or a mortgage, and explains why inflation is the main enemy of bonds.
You have a lower starting rate fixed for the first few years.
You can always pay more on the principal while enjoying the low payments.
This rate is a discounted rate and is not available with any other rate discounts, promotions or offers.
Cheshire building society, for instance, offers a fix until 2020 at 4.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
For the conservatives, it is nothing more than a form of vandalism.
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