We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
On SVR at moment, remortgaging now. FD 2.64% 5yr fix - or wait for even lower?
Comments
-
Mmm, nice suggestion in theory, though not sure if I could go through the hassle of switching mortgages twice in a few months! After paying valuations and hidden fees plus value of my time, very unlikely to come out ahead.
If you pick a fee free product there is no valuation or product fee on the HSBC mortgages, as you rightly say though you would have to invest some time filling out the forms and speaking to the legal team. However if it saves a few quid over the course of a few months it may be worthwhile. Just had a look at the HSBC products and there is no tie in on the trackers either, so free to leave when you want. Could be a no brainer
Mortgage Free Wannabe Light Bulb Moment (Early 2012, started May 2012)
Original Mortgage Amount - £147k (Oct 2005) / Term 27 years (To 2032)
Target to Pay off by 2026 by overpaying - Officially Mortgage Free June 2023!
Balance Reduction Progress: May12 £128k / Nov13 £120k / Dec15 £107k / Mar18 £87k / Mar21 £46k / Jun22 £28k / Jun23 £0!!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards