Finance expert warns UK homeowners could save £4,518 on average by switching mortgage lenders.

Finance expert Jonathan Bone warns UK homeowners they could overpay by £4,518 on average by sticking with their current mortgage lender. He advises shopping around as banks often offer better rates to new customers. Bone recommends considering interest rates, fees, and flexibility to save, with data showing 89% of homeowners could benefit by switching, saving £116 monthly or £4,518 over a fixed term.

November 17, 2024
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