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How To Stop Interest Rate Rises

Money : Borrowing

On some products, you can do what is known as buying a base rate cap.

A base rate cap is when you pay a premium to a bank to protect yourself against interest rates, literally you cap against them going up.

Of course there is the cost of the premium but you get peace of mind for it. In conditions that you consider uncertain where there are steady rises in rates or constant changes then this can be an excellent product to give you certainty and let you know where it is that you stand.


By: Fred

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