Can we move our mortgage to another property?
Daily MailMy partner and I are considering moving home, but we are worried about incurring early repayment charges because we still have over three years to run on our fixed-rate mortgage deal. Via email On the move: This reader wants to buy a new home, but doesn't want to get stuck with early repayment charges if she moves during her fixed-rate term Ed Magnus of This is money replies: Early repayment charges can come as quite a shock to mortgage borrowers – particularly for those looking to move home prior to their initial fixed-rate deal ending. Most fixed-rate deals come with early repayment charges, which often range between one and five per cent of the outstanding mortgage amount. This way you can move the whole mortgage onto the best available deal on the market, rather than having multiple loans with the same lender all with differing end dates and early repayment charge periods.
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