Borrowers with secured loans could cut years off repayments by ignoring rate reductions, it has been suggested.
Those with tracker mortgages should have seen their interest rate fall over the last two months, as the Bank of England cut the base rate by two per cent.
But John Charcol, a mortgage advice firm, has urged borrowers to maintain payments wherever possible.
"As interest rates fall, it provides the perfect opportunity for borrowers with trackers to pay their mortgage back quicker, without noticing any difference in their pocket every month," said director Drew Wotherspoon.
He added that by turning the economic downturn "to their advantage" in this way, consumers could cut six years off the life of their secured loans.
This week Abbey announced that it was the first of the major lenders to be reintroducing a range of tracker mortgages, after many withdrew their products following the base rate cut.
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