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Where it goes wrong is when you remortgage in a higher rate regime, and the bank won't give you a new fixed mortgage to cover your remaining capital. Now you're
by adhesive_wombat 4y ago
Where it goes wrong is when you remortgage in a higher rate regime, and the bank won't give you a new fixed mortgage to cover your remaining capital. Now you're stuck on the "punishment" variable rate you get when you don't remortgage.