I've got a small mortgage with my employer. They don't do preferential rates for staff.
Anyway, my fixed deal ended just under a year ago and I have been on an expensive variable rate since, hedging my bets in anticipation of a rate cut. My mortgage would buy a mid-spec Ford Puma - so not very big.
I have about 5 years to go.
The standard offerings have been £1,000 fee and about 5% and I checked it earlier in the week.
Today, after the rate cut I have been offered the following generous deal:
Fee £4,999 Interest rate 9.99%.
Crooks!
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