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halifax fixed rate set up fee !!!
emmaBZ
Posts: 760 Forumite
hi went to bank today halifax and got quote for 5 yr fix rate of 6.65% on our mortgage of £120,000 our monthly payments will rise by aprox £90 which is ok ...problem is the £999 fee to set this up...can anyone work out how much this would cost if we add it on to mortgage we have 21 yrs left on mortgage...just want to work it all out as we cant really afford to pay fee upfront thanx
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Comments
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It would cost £7.47 a month more on a repayment mortgage.
£5.54 on an interest only mortgage (£1396.08 over the term).
Roughly.0
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