MSE News: Secured a mortgage rate that can now be beaten? You may be able to ditch it

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MSE_Kit
MSE_Kit Posts: 86 MSE Staff
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edited 21 November 2022 at 12:11PM in Mortgages & endowments
If you've locked in a fixed mortgage deal that can now be beaten, check if you can switch penalty-free. Where the new rate is yet to take effect you should be able to cancel for free – though there are some exceptions. This may help those with expiring mortgage deals who fixed a new one while rates were at a high but who could now save as prices begin to drop. 

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Secured a mortgage that can now be beaten as fixed rates drop? You may be able to ditch it fee-free – here's what you need to know'

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