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UK mortgage borrowers still can save thousands of pounds

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Customers of some UK banks are now able to begin a “product transfer” between 4-6-mo before their current deal comes up for renewal. It comes as interest rates continue to rise, pushing up mortgage repayments for those on tracker and some standard variable rate (SVR) deals. The BOE ↑ its base for the 6th time in a row to 1.75% in August. Expectations of further rate rises to come has sparked calls for homeowners to lock into a cheaper mortgage deal.

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