TO SWITCH OR NOT TO SWITCH: WHAT TO CONSIDER WITH ERCS – PROPERTY REPORTER

Should I switch my mortgage now and pay an early repayment charge? It’s a question many will be asking themselves as the mortgage market battles a huge wave of volatility and lenders temporarily withdraw mortgage deals as the value of the pound plummets and interest rates rise.

This follows the Bank of England’s base rate hike to 2.25% on 15th September, leaving homeowners with six months or less left on their current mortgage facing a great deal of uncertainty.

In the hopes of helping worried homeowners to understand their options, the mortgage experts at www.onlinemortgageadvisor.co.uk share their insight on the pros and cons of switching to a new mortgage deal now, despite the early repayment charge.

Read more: https://bit.ly/3ebfXU9

To understand more about the mortgage services we offer visit our Mortgage page

If you are concerned about how recent interest rate rises may affect your mortgage payments and would like advice Contact us

If you found this article useful and would like more market updates visit our articles page