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Over the past few years UK policymakers have explored the idea of mortgages with an interest rate locked in for the term of the loan, along the lines of long-term products offered in countries like the US or Denmark.
Their supporters say they provide borrowers with certainty and help them pass mandatory affordability tests, particularly those buying their first home. Detractors say that in a period of falling interest rates, there is little attraction in them.
Some lenders have started offering such products.
FT Money is looking to speak to people who have taken out such a mortgage, are considering doing so, or considered it but rejected the idea. Why did you do so or are thinking of doing so? What advice would you give to people weighing up the same decision?
Please email firstname.lastname@example.org and we will keep your message in confidence.