Britons are at risk of paying substantially more in mortgage costs despite falling interest rates. with households in the North East of England forking over an extra £639. Homeowners are being reminded to get financial advice to make sure they “get the cheapest deal” when negotiating the end of their fixed rate deal. Average mortgage rates for two-year and five-year fixed rate productshave dropped for six consecutive months but experts are warning the “best rate isn’t a straightforward choice”. This is because cheapest mortgage cost is up to £639 more expensive than the cheapest fee-free mortg…
