Theres nothing 'average' about your scenario. You've picked an example that matches your comment. You're using a rate that was only available for that LTV post November 2020.Some figures from an average type mortgage fixed in recent years
That's exactly what @Brendan Burgess and I said above. So stop trying to make it look clear cut that it's not worth while.People should definitely do the math to see if breaking makes sense, but it definitely is *NOT* clear cut for people breaking the fixed.
That's a bit of a flawed assumption. Why would you switch lender if you can lock in a good rate with UB? And what about the thousands of customers who can't switch lender? Should they do nothing?I would think that everyone on this thread will looking at options at moving away given the sale