As the UK continues to emerge from the pandemic, lenders are vying for position at the top of the list. In the space of a month Nationwide have reduced their rates three times which goes to show their appetite for your business at the moment. Today (the 3rd of September) they released a market-leading 0.87% 2 year fixed rate. Santander has also released 5 year fixed rate at just 0.99%, this means a mortgage of £200,000 on interest-only would cost just £165 per month.
If you’re tied into a fixed rate, now is the time to get in touch with us to see if it’s mathematically worthwhile to incur your exit fee!