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.
Aer/apr ??
clairbear_3
Posts: 198 Forumite
My tracker is advertised as BOE +0.14
However when I use mortgage calculator the monthly payment shown is a few £s less than I am paying
My payments equate to AER 1.54% not 1.14%
Can anyone explain please
However when I use mortgage calculator the monthly payment shown is a few £s less than I am paying
My payments equate to AER 1.54% not 1.14%
Can anyone explain please
0
Comments
-
on most trackers the repayments are reset a few wekkes after Bank of england rates change
are you interest only, as on repayment the term will also be a factor
Does lender impose a cap?Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
am using up to date repayment figures
no cap no collar
repayment mortgage(which I selected in mortgage calc)0 -
anyone???????0
-
New rate may be from 01 March 2009...............................I have put my clock back....... Kcolc ym0
-
Ive just recieved notification of the NEW monthly payment which as I say is more than the calculator
£25000 repayment over 20 years @1.14 = £116 (calculator)
£121(requested payment) 0 -
Does the monthly payment include any Building or Contents insurance?...............................I have put my clock back....... Kcolc ym0
-
No,solely mortgage0
-
for figures like that needs exact term ( years and months) and exact balance.
also need to know if lender charges on daily or annual basis ( or even just calculates repayments on start of year figure)Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0 -
If any added fees - are these charged at same rate ?Any posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0
This discussion has been closed.
Categories
- All Categories
- 346.2K Banking & Borrowing
- 251.2K Reduce Debt & Boost Income
- 451.1K Spending & Discounts
- 238.3K Work, Benefits & Business
- 613.4K Mortgages, Homes & Bills
- 174.5K Life & Family
- 251.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards