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Five-year fixed rate mortgages versus two year mortgages – the pros and cons

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Five-year fixed rate mortgages are nearly as cheap as two-year deals – but should you lock in for longer? Gap between two and five-year fixes shrinks to smallest margin in seven years 10-year fixed rates are also getting cheaper as lenders fight for customers Two-year fixed rates are still dropping but at a much slower … Read more

Vernon Building Society launches offset retirement interest-only deal

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Retired homeowners looking to convert their home equity into cash have in the past had limited options. Traditionally, the route to do this was through equity release, usually through a lifetime mortgage – but these are often expensive, and can eat into a borrower’s remaining home equity, limiting what they leave behind in inheritance.  But … Read more