How much could you save?

Evening Standard - West End Final Extra - ES Homes and Property - - Finance -

PROP­ERTY in Lon­don is not cheap. Knock­ing 1.5 to 3.5 per cent off your an­nual in­ter­est bill can re­ally make a difference. On an out­stand­ing £300,000 mort­gage, a two per cent fall in your mort­gage in­ter­est rate will make you £500 a month bet­ter off. If you rolled from York­shire Build­ing So­ci­ety’s 4.74 per cent SVR to their low­est fixed in­ter­est rate of 0.99 per cent, you’ll pocket al­most £1,000 a month in change. This is a sav­ing many can ill af­ford to ig­nore.

Cash in your hands: with rates low re­mort­gag­ing makes fi­nan­cial sense

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