Is this a good deal ?

happypuppy

My 2 year deal is coming to an end in may.
The new offer from Abbey is
Property value = 135000
Amount 97000
Duration = 10 years
4.49% fixed
250 cash back
monthly payment 1007
Fee = 49
Actual cost = 24168 + 49 = 24217
2yr fixed




Very grateful for your advice


Thanks.

TEDDYRUKSPIN

This information is now too short and not enough. With the current market you will require the current house price which will then provide you with your LTV. By having this you are able to shop around.

I suggest obtaining an IFA and also pop into different banks and building societies. Do not leave it too late. I give a turnaround of at least 6 weeks minimum in order to transfer to a new institution.

Robert_Sterling_3

happypuppy wrote: »

Actual cost = 24168 + 49 = 24217

Where does this come from?

Of what is it the actual cost?

happypuppy

Thanks
house price should be about 135000

TEDDYRUKSPIN wrote: »

This information is now too short and not enough. With the current market you will require the current house price which will then provide you with your LTV. By having this you are able to shop around.

I suggest obtaining an IFA and also pop into different banks and building societies. Do not leave it too late. I give a turnaround of at least 6 weeks minimum in order to transfer to a new institution.

System

£1007 a month sounds far too high for that amount and rate?

Edit: Oh missed the 10 year bit!

happypuppy

Robert_Sterling wrote: »

Where does this come from?

Of what is it the actual cost?

Actual cost = (Payment PCM * duration)+ Fees