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Is a 2 year mortgage the only way to avoid the high ERC of a 5 year in case you need to move
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Ybe
Posts: 443 Forumite
5 year fixes have high ERCs I’ve noticed. And I see porting isn’t always guaranteed and even if it allowed may still incur an ERC. And consent to let is similar. Not guaranteed and even if allowed, can be subject to fees. So is a 2 year the only way to guarantee the flexibility in case you need it?
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There are variable rates, shorter term fixes. Some have lower ERCs, some have none. There will be pros and cons for both.
I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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