A lower headline rate is not automatically a saving. Fees, exit charges and how long you actually plan to stay in the property decide whether a refinance is worth doing at all, and the arithmetic frequently says wait.
What we work out for you
- The full cost of moving, including any early repayment charge.
- The month at which the saving overtakes that cost.
- What happens to the total interest if you also shorten the term.
- Whether releasing equity changes the pricing tier you land in.
If the answer is that you should stay put for another eighteen months, that is what the report will say, and we will call you when the position changes.
