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  • Except the variable rate is...variable. So how do they calculate the cost? Some kind of average case scenario?

    Usually using the rates as they are now.

  • Usually using the rates as they are now.

    Which loops you back to the whole it's pretty much meaningless thing.

  • Which loops you back to the whole it's pretty much meaningless thing.

    Borrowing £*00,000s on variable rates is a crapshoot. You want that rate fixed and predictable.

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