> I have to refinance every 5 years, because that's the game in the UK, so if rates spike I'm also screwed.
Could anyone explain why is that the case? If the mortgage is till 70 then why are you forced to remake the agreement every 5 years? Can't you stick to original one?
Could anyone explain why is that the case? If the mortgage is till 70 then why are you forced to remake the agreement every 5 years? Can't you stick to original one?