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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Apr's
Fix_Rate
Posts: 26 Forumite
I am comparing what the best mortgage rate is. Can anyone tell me why the mortgage rates quoted are for example 5.29% yet the rate for comparison is 5.6%?
What do i go by?
What do i go by?
0
Comments
-
From what I understand the APR takes into account all costs involved.
I'm no expert though!0 -
SandyDog
Thing is what additional costs?0 -
Here's a nice link for you
http://www.fsa.gov.uk/consumer/07_MORTGAGES/KFI_diagram/APR.html
and thank you for my first thank you!0 -
Big thank you for this. All i've got to do is read it a few times i reckon.
Many Thanks0 -
The extra fees are one thing, the main thing though is assumed follow on rate after the fixed rate - to end of selected termAny posts on here are for information and discussion purposes only and shouldn't be seen as (financial) advice.0
-
A similar topic was mentioned here. As Payless said, including discounted tracker rates. Life of term trackers seem to come out well in comparisons but their underlying rate is not guaranteed.
J_B.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards