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To remortgage early or not?
Comments
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Taken from their website:
https://www.hsbc.co.uk/mortgages/existing-customers/switch/
You can secure a new rate up to 12 weeks beforeMFW 2025 #50: £1989.73/£600007/03/25: Mortgage: £67,000.00
12/08/25: Mortgage: £62,500.00
12/06/25: Mortgage: £65,000.00
18/01/25: Mortgage: £68,500.14
27/12/24: Mortgage: £69,278.38
27/12/24: Debt: £0 🥳😁
27/12/24: Savings: £12,000
12/08/25: Savings: £12,0001 -
NO one can say without the right information.
What are the rates on the borrowing current and new any other fees
How much more of the ERC free overpayments do you have to go.
With 5/6 months to recover the ~£700 fee you needs a decent rate reduction on £150k
Different calculations for working out over 5 years, you need to be guessing what rates will be in 5/6 months
With the ability to switch early going to need a good rate drop and the rates in a few months to be higher than now.
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