City AM: Should parents help their children cut the cost of going to university?
If you’re currently locked into a fixed or tracker rate mortgage, you could contact your bank or building society to ask about adding extra debt. You could also look at the cheap two or five-year fixed rate deals.
Trinity Financial’s Aaron Strutt told City AM:“There are two-year fixed rate deals at just over 1 per cent, and five-year deals at 2 per cent.
“Normally it’s over school fees that parents come to us for refinancing. Looking at the Student Loans website this might be the next thing we get contacted about.”
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