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‘Weekend penalty’ could mean extra remortgaging costs

Homeowners could face hidden costs with the “weekend penalty” when they remortgage by switching to a new lender. The problem arises when their old mortgage deal expires on a Friday or a Saturday or even on a bank holiday. Their new deal can only start on the next working day Read more…

£4.5k penalty for failing to switch mortgage

Failing to switch at the end of a fixed-rate mortgage deal costs UK homeowners almost £4,500 a year, but remortgaging could save thousands. The increased repayments add up to an extraordinary extra £9 billion paid unnecessarily. Homeowners often don’t move to another fixed-rate deal but instead go on to their Read more…

More 15-year fixed-rate mortgages hit market

Political turmoil and economic uncertainty are key features of UK life right now. So, how are homeowners and buyers ensuring their financial stability? The short answer is they are signing up to ever-longer fixed-term mortgage deals to ensure they know exactly how much they will be repaying monthly for the Read more…

Homeowners offered more choice of 10-year fixed-rate mortgages

Savvy homeowners are locking into competitive fixed-rate deals for longer periods to ensure their repayments stay affordable. And increased competition among lenders to secure their business means those willing to sign up to a 10-year fixed-rate deal can get the best deal for their finances. Securing repayments for decade Research Read more…

Homeowners choosing to remortgage and extend

UK homeowners are choosing to stay put and improve their current property rather than move home. New research from TSB shows that two in five (41 percent) homeowners would prefer to build an extension rather than sell up and find a new place to live. More than a third (35 Read more…

15-year fixed-rate mortgage offers repayment certainty to home movers

Virgin Money has launched a new 15-year fixed-rate mortgage deal that aims to remove the uncertainty of the financial markets from homeowners and movers. The long-term deal is part of a new range of residential deals along with buy-to-let options from the lender, which now incorporates the Clydesdale and Yorkshire Read more…