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Re-Mortgaging...Please help me calculate...
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You'd pay about £620 a month on the 7.09% SVR
Hi Locoblade,
Can I ask what amount you got for the capital remaining after the two years?
I got: 87,699 x 1.0539 - (12 x 538.99) = 85,958 after one year, and
85,958 x 1.0539 - (12 x 538.99) = 84,123 after the two years.
With that (over a further 23 years at 7.09%), the BBC calculator gives £626.69 a month.0
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