Is this the end of 2-year mortgage market?

Simon Collins, Technical Manager at John Charcol, said: "Savvy clients are preferring to sacrifice a few basis points in the first couple of years of their mortgage, in order to give themselves the option of either being ERC free or remortgaging when the early repayment charge period ends, but staying on the same margin if more beneficial, rather than having to remortgage before the payment shock of going onto their lender’s much higher Standard Variable Rate."

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