In Focus: Home ownership  

Mortgage borrowers swallow early exit fees as rate rise fears grow

Due to the sheer number of remortgages currently demanded of lenders, some have moved their product transfer window from three to four months before a rate ends, to six months.

“This allows those who cannot remortgage, for whatever reason, to lock in a new rate with their existing lender earlier providing the peace of mind they need,” director of Mortgage Confidence, Jo Jingree, explained.

Article continues after advert

ruby.hinchliffe@ft.com, jane.matthews@ft.com