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Five-year fixes
With base rates likely to peak in two years, locking into a five-year, fixed rate deal could prove an expensive mistake.

The rates that you are likely to get will probably look very uncompetitive a few years down the line.

However, there will always be those who need peace of mind and interest rate security that the fixed rate deal offers. For them a capped tracker represents the best path.

The cap sets a maximum that the repayments can go to if interest rates start to rise alarmingly, while the tracker element guarantees that they will be able to take advantage of lower monthly repayments if and when rates start to fall

In many ways, they offer the best of both worlds.

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