The Telegraph - How chasing the 'cheapest' rate could add £650 to your mortgage
The Telegraph reports the lowest two-year fixed rate mortgages do not represent the best value for money at Britain’s biggest lenders. This is once fees and charges are taken into consideration.
Aaron Strutt, of Trinity Financial, told The Telegraph how important it is to check the true cost of your mortgage as a higher rate would not suit everyone. He said: “We are at a point where it does seem to make sense to look at fixes before Bank Rate rises.
“There is so much choice now and so many combinations of rates and charges that if you’re looking at a best buy list in a newspaper, there physically isn’t enough space to fit it all in. You always need to check the overall cost.”
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