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Remortgagers look at quick fix
Homeowners looking for a new mortgage, are highly inclined towards fixed-rate products, according to a new survey, with short-term deals especially popular. Whereas nearly four out of five people said that, if they had to re mortgage tomorrow, they would opt to fix their repayments, Abbey's poll revealed that less than one in five would prefer a tracker mortgage. When asked which of the lender's products they would choose, two out of five borrowers nominated its two-year fixed-rate at 5.69 per cent, compared to less than one in seven who would select its five-year deal at 6.34 per cent.



