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Switch to a cheaper rate and Pay ERP?
mamsiller123
Posts: 2 Newbie
My current mortgage with Nationwide ends in October. I can choose a new product from June onwards, but given rates have just been cut to 0.25% i'm wondering what peoples views are on if I should get a new product now whilst rates are so low and pay the ERP charge which would be just over £1k.
I would think that if the economy stabilises in coming weeks they would put rates up again, before I could lock in on a good rate, so tempted to take the ERP 'hit' and switch now.
I would think that if the economy stabilises in coming weeks they would put rates up again, before I could lock in on a good rate, so tempted to take the ERP 'hit' and switch now.
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