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Increasing mortgage but saving overall, am I right...
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Its all great if interest rates stay low what happens if in five years yorkshire building society deal finishes and all the deals out there are over 7%, im not saying they will be but they could be.
If it was another 10 year deal i would say yes go for it, but has its half the term of your current deal its a bit of a bigger risk.
Your working your calculations out on interest rates being 4.69 percent for the lifetime of your mortgage, which noone can guarantee.0
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