Floating-ratemortgageslast year reduced manyborrowers'paymentburden as theBank of Englanddropped its baserateto 0.5% and lenders adjusted their standardvariableratesdownward in response.
Floating-rate mortgages last year reduced many borrowers' payment burden as the Bank of England dropped its base rate to 0.5% and lenders adjusted their standard variable rates downward in response.