Today news
About the same in other media
Should I remortgage now even though my fixed term hasn’t ended?
Reading now: 832
Q I’m just coming into the final year of my five-year fixed-rate mortgage (it ends in January 2023). With interest rates looking likely to rise, is it worth me remortgaging now and taking the 1% hit on early repayment in the final year to bag a good deal, or should I wait until the fixed term ends? I owe about £90,000 on a house worth about £220,000 and my current rate is 2.14%.CL
A It might be worth remortgaging now but a lot depends on whether the potential savings you could make would cover the costs of switching.
As well as the early repayment fee from your current lender of £900, these include the new lender’s valuation fee, legal fees (if the new lender doesn’t cover these) and any arrangement fee – typically in the region of £1,000 –
Read more on theguardian.comAbout this in other media
Rich countries could have prevented new Covid variant, say experts theguardian.com /2 years ago
Wint Wealth’s Senior Secured Bonds allow investing even Rs 10,000 in fixed income assets. Should you invest? financialexpress.com /2 years ago
Are VPNs legal, And Should You Use Them For Crypto Trading? cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
