Think about switching, says FCA
Even so, around 150,000 could still save over £1,000 a year each, proof that there are still big savings to be made. Indeed, switching could save some borrowers £1,240 each year.
Stick or twist?
Others, especially those thinking of moving or who want to repay at will without facing early repayment charges, could benefit from the greater flexibility of reversion rates.
Here to help
- Financial Conduct Authority