Pay ERC or hope for no rate rises before June 2018?

sh1202

A product switch is possible at any time, if you are prepared to pay the ERC. But I take your point. Thanks

dimbo61

Without a Full fact find of your circumstances No one can tell you what is best.
Now 1.99% fix for 2 years is a good deal and finishes in June 2018
You are also with a Good?Big lender which will have retention deals for existing customers so you maybe able to book that 3 months before your fix ends

http://www.nationwide.co.uk/products/mortgages/existing-customer-switching/apply#tab:HowtoApply


Do you know your LTV ?
Has the property gone up in value in the last 15 months ?
No need to panic

getmore4less

Do a proper number crunch based on the best deal you can get today.

Remember by switching early you overlap deals so have to take account of that overhang at the end as well.

sh1202

Thanks. Current LTV is 80%. Was 85%. I'm working on the assumption that the property hasn't really increased in value but it may have a few %.