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Advice on remortgage
Comments
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Need to find out what those costs are.
At the moment you have a 0.91% differential to the SVR. This equates to £1,365 interest pa.
If the switch costs are less than that then I think its worth it, especially because of the lack of ERC.
Remember if base rates go up half a percent then so will your SVR, invariably it might go up by more, say 0.65%.
What your legal fees are paying for is a favourable switch to 2.59%. I'd snap their hand off, especially with the current climate and high high chance of significantly low interest rates for the short to medium term.I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0 -
sound advice phlash...application going in to FD this evening!!0
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