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Should I pay ERC of £10500?
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I have a similar sized mortgage and I have fixed a rate of 3.4% on offer till March with a 15k repayment charge. I’m deffo going to be paying it! Works out way cheaper over the new fixed term vs what I would get now.1
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Thank you, I didn't get that "negative 7%", will you please explain?PK_London said:
Great result. In real terms you're still paying negative 7% right now. I hope this pays off for youOrchid96 said:Just coming back to this old thread to inform that we have completed the remortgage to Barclays (10 year fixed at 3%). We paid a huge amount as ERC (£10300), but we thought we may not get similar rate in next few years.
Many thanks to everyone who gave their feedback during the discussion period.0
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