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plus you’ve got conveyancing costs at every re-mortgage
Not if you stick with your existing lender. But yeah if they don’t offer the best rate then you might have to factor in other costs to switch.
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I just renewed my mortgage for 2 year fixed. No fees and no conveyancing costs at 1.4% with same lender - can't see the con there to be honest.
We've always stuck to relatively short mortgage terms as we have a habit of moving and don't like to feel locked into a mortgage contract. Long term this might be a terrible mistake. Short term it suits our way of thinking.
Howard
andos
@Dramatic_Hammer
2 year fixed with ‘low’ rates are kind of a con anyway - the fees are so high (plus you’ve got conveyancing costs at every re-mortgage) that it effectively pushes the rate right back up. 5 year fixed might have higher headline rate but be more efficient at paying off the capital.