We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Mortgage loans
Interest-Ed
Posts: 51 Forumite
Could anyone tell me what size of mortgage I could take out if I could pay a maximum figure of £1000.00 per month over a period of 15 years.
Is it possible to get a capped rate over a long period.
Thanks in antic.
Is it possible to get a capped rate over a long period.
Thanks in antic.
0
Comments
-
According to http://www.whatsthecost.com/mortgage.aspx, at 6% APR*...
Try the comparison websites such as https://www.moneyfacts.co.uk and https://www.moneysupermarket.com for long-term capped mortgages.The bottom line, is that this repayment mortgage for £120,000.00, over 15 years, will cost you £1,012.63 a month.
In taking out this loan, you'll pay a total of £62,273.07 in interest. The true cost of this loan is £182,273.07
* Obtain the APR from your chosen lender for a 'personalised' calculation.0 -
Thanks for the information Yorkshire Boy and thanks the website contacts. I'll take a look.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 347.9K Banking & Borrowing
- 252K Reduce Debt & Boost Income
- 452.2K Spending & Discounts
- 240.4K Work, Benefits & Business
- 616.5K Mortgages, Homes & Bills
- 175.4K Life & Family
- 253.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards