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'Martin Lewis urges EVERYONE with a mortgage to check urgently if they can switch and save £1,000s, as rates drop below 1%'
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MSE News: Martin Lewis urges EVERYONE with a mortgage to check if they can switch and save £1,000s
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MSE_Petar
Posts: 366 MSE Staff
New mortgage deals are at their LOWEST EVER rates, with two-year fixes down to 0.95% and five-year fixes at 1.17% (though in some cases they load the cost in the form of hefty fees). That means, for some, remortgaging - switching deal without moving property - can result in phenomenal savings.
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I've just done this today and i've managed to get 1.19% over 5 years. Very happy as I will be saving £125 a month, over 5 years equates to £7500. So that means I can overpay the amount i'm saving.0
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