Base rate cut 0.5%

[Cyberman]

Yes, they are. Just pop into your local bank of BS and say "I want an interest free mortgage please."

HTH

[Francko]

Francko obviously does not have a tracker mortgage.

I don't have a mortgage at all. I paid off my retirement flat when I was a little over 30 already...

[Bagpuss]

The only losers here are 50 year olds with a mortgage

[Sysman]

The only losers here are 50 year olds with a mortgage

Going back to the 90s a mate of mine in his 50s had a very low mortgage but decided not to pay it off. His reasoning was that it was quite affordable and if he need some spare cash he could easily raise it. That was then of course, and he wasn't the type of chap to go borrowing silly amounts.

[Guinness_Cat]

Going back to the 90s a mate of mine in his 50s had a very low mortgage but decided not to pay it off. His reasoning was that it was quite affordable and if he need some spare cash he could easily raise it. That was then of course, and he wasn't the type of chap to go borrowing silly amounts.

My folks said it was one of the worst things they ever did to repay it all - made it very hard when they wanted to borrow some money to help by borther out with a short term loan...

[Iron Condor]

I benefit form it too....but we must be the teeniest minority of people!

There are several million tracker mortgages out there and i would reckon 25% or less have collars on them.

So its not a teenie minority.