New rate from Halifax 3.73%

baser999

I think it’s sad that given the existing financial climate and the reasons people are having to remortgage, the lenders couldn’t see their way to waiving all, or at least part, of the ERC. After all these charges are really just a bonus to them. 

Edi81

baser999 said:

I think it’s sad that given the existing financial climate and the reasons people are having to remortgage, the lenders couldn’t see their way to waiving all, or at least part, of the ERC. After all these charges are really just a bonus to them. 

No they are not. 

There have been lots of posts on ERCs recently and they are a reflection of the cost the lender will have to break their funding. 

Maka344

Edi81 said:

baser999 said:

I think it’s sad that given the existing financial climate and the reasons people are having to remortgage, the lenders couldn’t see their way to waiving all, or at least part, of the ERC. After all these charges are really just a bonus to them. 

No they are not. 

There have been lots of posts on ERCs recently and they are a reflection of the cost the lender will have to break their funding. 

But they can reallocate that funding at much higher rates. The banks really are milking it.