Originally posted by d000hg
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Reply to: The economy really must be screwed
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Previously on "The economy really must be screwed"
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Most you can transfer if you sell up and buy another property without paying an early repayment fee.
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+1 you'd have to be remarkably confident nothing was going to go titsup in that first 5 years! That'd be over 10k on a 150k mortgageOriginally posted by bless 'em all View PostOuch ... not even the option to transfer .... sod that!!
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Ouch ... not even the option to transfer .... sod that!!7% to 30/06/16
6% to 30/06/18
4% to 30/06/20
2% to 30/06/22
1% to 30/06/23
If the product is repaid in full or in part, or transferred (in full or in part), an Early Repayment Charge is payable as described above.
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You could always get 10 year fixed rate mortgages but the rates where tulip so no-one took them out.
Now if you have your family home so aren't planning to move due to low interest rates it's worth taking it out.
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The economy really must be screwed
You can now get a mortgage with fixed rate for 10 years!
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