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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
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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
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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
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