This is due to the sharp fall in the average mortgage. Which has halved in five years.
Since many homeowners with their mortgage have put down their interest, they do not benefit from the lower interest rate. At the conclusion of a new fixed rate period is moreover a penalty attached, which can amount to tens of thousands of dollars.
VEH therefore wants more banks offer their customers the option of going to smudge the fine over a longer period rather that it is a one time fee.
The rate at closing of the mortgage could be averaged with the current mortgage in order to achieve a reduction in costs, while still the penalty interest rate shall be charged.
According VEH currently
doing just ING, Achmea, Obvion (SNS Regio Bank and subsidiary) to rate averaging. The organization calls on all mortgage lenders to follow suit. VEH calls this their “moral obligation” because the profit margins on mortgages “for five years are too high” 
Also read:. 112,800 consumers defaulted on mortgage
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