http://www.ukremortgage-quotes.co.uk/blog/savings/best-savings-rates-in-uk/ Advice for the smart homeowner Tue, 12 Jan 2010 13:06:32 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.ukremortgage-quotes.co.uk/blog/savings/best-savings-rates-in-uk/comment-page-1/#comment-16 Early Repayment Charges on Mortgages | Mortgage Advice Wed, 27 Feb 2008 18:32:59 +0000 http://www.ukremortgage-quotes.co.uk/blog/savings/best-savings-rates-in-uk/#comment-16 [...] Unfortunately, many people take out mortgage with hefty early repayment charges. If this is the case there is little that you can do about it. With the high penalties, it is usually best just to see the agreement out. For example,  a standard Woolwich mortgage charges  6 months interest at the prevailing standard variable rate; this could easily be several thousand pounds. Rather than paying off a mortgage early and facing the penalty, use the money to invest in an alternative saving scheme. (see best saving rates here) [...] [...] Unfortunately, many people take out mortgage with hefty early repayment charges. If this is the case there is little that you can do about it. With the high penalties, it is usually best just to see the agreement out. For example,  a standard Woolwich mortgage charges  6 months interest at the prevailing standard variable rate; this could easily be several thousand pounds. Rather than paying off a mortgage early and facing the penalty, use the money to invest in an alternative saving scheme. (see best saving rates here) [...]

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