Homeowners on tracker mortgages are probably feeling quite smug as a result of interest rates falling to historic lows since the credit markets hit turmoil.
Tracker and variable rate mortgage-holders have seen their mortgage rates plummet, and monthly repayments subsequently reduce, putting them in the prime position of having extra disposable income each month.
So, are they using this opportunity to overpay on their mortgage - shaving years off the repayment term and saving thousands of pounds in interest? Of course not, that would make too much sense. Many are simply frittering this extra cash away instead.