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'Be prepared' for interest rate rises says Manx financial advisor

Residents still taking 'tracker' mortgages

Residents across the Island should 'be prepared' to face further increases to interest rates.

An Island-based financial advisor told Manx Radio they are still seeing a number of 'tracker mortgages' taken out.

It's 10 days since the Bank of England raised its base interest rate for the 11th time since December 2021.

Paul Chase is from Financial Options:

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