HOMEOWNERS who recently took on fixed-rate mortgage deals have reaped first-year savings of up to 486%.
In the last year the first-year potential savings from switching to a two-year fixed rate loan have risen by 96%.
According to the Your Move Remortgage Index it means a jump to £1920 (from £980 one year ago).
Five-year fixed-rate deals have seen savings of 486% compared to last year - £1640 against £280. Over the last month, savings have risen sharpest on three-year fixed rate deals, up 21% to £1700.
Switching from a £100,000 repayment loan to the current best buy five-year fixed-rate deal could save £12,174 over 25 years. HOMEOWNERS who recently took on fixed-rate mortgage deals have reaped first-year savings of up to 486%.
In the last year the first-year potential savings from switching to a two-year fixed rate loan have risen by 96%.
According to the Your Move Remortgage Index it means a jump to £1920 (from £980 one year ago).
Five-year fixed-rate deals have seen savings of 486% compared to last year - £1640 against £280. Over the last month, savings have risen sharpest on three-year fixed rate deals, up 21% to £1700.
Switching from a £100,000 repayment loan to the current best buy five-year fixed-rate deal could save £12,174 over 25 years. HOMEOWNERS who recently took on fixed-rate mortgage deals have reaped first-year savings of up to 486%.
In the last year the first-year potential savings from switching to a two-year fixed rate loan have risen by 96%.
According to the Your Move Remortgage Index it means a jump to £1920 (from £980 one year ago).
Five-year fixed-rate deals have seen savings of 486% compared to last year - £1640 against £280. Over the last month, savings have risen sharpest on three-year fixed rate deals, up 21% to £1700.
Switching from a £100,000 repayment loan to the current best buy five-year fixed-rate deal could save £12,174 over 25 years.
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