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Aer/apr ??
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clairbear_3
Posts: 202 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
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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
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New rate may be from 01 March 2009...............................I have put my clock back....... Kcolc ym0
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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
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No,solely mortgage0
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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
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