The Sunday Times - Time to fix your mortgage costs
Figures compiled for The Sunday Times by Moneyfacts, the data analysis group, show that borrowers with a £200,000 loan who take out the cheapest five-year fixed-rate mortgage are likely to be £8,500 better off over the course of the loan than if they had taken the cheapest one a year ago.
Brokers recommend that those remortgaging to the security of a fix should take a longer-term deal, for five rather than two or three years. Aaron Strutt of Trinity Financial said: “By locking into a competitive rate for five years, you are protecting yourself against interest rate hikes that are expected over the next 12 months.”
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
As seen in
