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mortgagesoup.co.uk
525 words

Brokers face £5k remortgage payment shock

The broker found that the average 5-year fixed remortgage rate among the ten leading lenders had climbed from 1.30% in November 2021 to 5.16%. For a £200,000 repayment mortgage over 25 years, that would increase monthly payments from £781 to £1,188 – a rise of £407 a month, or…

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