Remortgage every 2-3 years?

Liquidity

Do people think this is a viable strategy for paying back a mortgage? Does it generally pay off to keep paying the lower interest rates by paying higher up front costs?

lee111s

It all depends on circumstances, amount owed and interest rates!

ACG

You need to do the sums.

Sometimes it pays to pay a higher rate and no fees, other times it pays to pay a fee and lower rates. Sometimes its better to stick to the SVR rate (although thats uncommon at the minute unless your at a high LTV.

CKhalvashi

ACG wrote: »

You need to do the sums.

Sometimes it pays to pay a higher rate and no fees, other times it pays to pay a fee and lower rates. Sometimes its better to stick to the SVR rate (although thats uncommon at the minute unless your at a high LTV.

And as the loan goes down, it's generally always better to remortgage fee-free anyway, whereas with a high LTV on an expensive property, it's almost always cheaper to pay the fee.