I am considering to apply for a 5 year fixed rate mortgage but noticed the monthly repayments on a 10 year fixed are not much higher.
If I was to choose the 190 year fixed and wanted to break out the mortgage after say 5 years, what would the penalty be? This is just using the Nationwide quick calculator for the mortgage example below
5 yr Fixed -£689.79 / 2.29%
10 yr Fixed -£714.55 / 2.79%
If I was to choose the 190 year fixed and wanted to break out the mortgage after say 5 years, what would the penalty be? This is just using the Nationwide quick calculator for the mortgage example below
5 yr Fixed -£689.79 / 2.29%
10 yr Fixed -£714.55 / 2.79%