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|Women more likely to play it safe by moving to a fixed rate mortgage|
|Monday, 01 June 2015|
Recent reports suggest that interest rates could rise in July 2016. With the currently highly competitive mortgage market meaning there are a range of deals on offer, many homeowners may therefore be thinking about remortgaging in the next few months. But the question is what sort of mortgage to opt for. According to research from credit information provider, Equifax, it is women that see the value of the certainty of a fixed rate deal in the event of an interest rate rise.
53% of women responding to the research conducted earlier this year said they would move to a fixed rate mortgage, compared to 45% of men. For those choosing a variable rate, there were more men (10%) than women (6%).
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