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Woolwich Mortgage Help
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keadd
Posts: 96 Forumite
Hi Everyone,
We have a mortgage with Woolwich. When we first took the mortgage out it was at 6.99% fixed for two years.
When the two years run out it goes to a variable rate of 0.95% above the Barclays Banks base rate.
This changes in July, I was just wondering what you all think the base rate will be around this time, and also how much will I save each month in payments??
Currently I pay around £505 a month.
Cheers!!
We have a mortgage with Woolwich. When we first took the mortgage out it was at 6.99% fixed for two years.
When the two years run out it goes to a variable rate of 0.95% above the Barclays Banks base rate.
This changes in July, I was just wondering what you all think the base rate will be around this time, and also how much will I save each month in payments??
Currently I pay around £505 a month.
Cheers!!
0
Comments
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Use this to find out
http://www.moneymadeclear.fsa.gov.uk/tools.aspx?Tool=mortgage_calculator
You don't give details of the length of term, or amount of mortgage but a 25 year £70,000 mortgage would be £494 at 6.99%, and £279 on the tracker at present base rates.0
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