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new interest rates
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raq
Posts: 1,716 Forumite
Afternoon all,:o
I've just had my new interest rate letter from the mortgage people ( aren't they lovely )...
Is 6.35% a good deal. Interest only until September 2007. Chatting to friends they have said that this isn't bad. I always thought it is pretty high.. Had interest only to get us on the right track although we had over £65k as a depost from our previous property.
I've just had my new interest rate letter from the mortgage people ( aren't they lovely )...
Is 6.35% a good deal. Interest only until September 2007. Chatting to friends they have said that this isn't bad. I always thought it is pretty high.. Had interest only to get us on the right track although we had over £65k as a depost from our previous property.
:A Tomorrow's just another day - keep smiling
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Comments
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To me it seems an horrendously high rate but what do I know?..0
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Yeah at least 1% too high depending on the product. that looks like light adverse to me a rate like that.0
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Who is the lender? It may shed some light on why it is highI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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GMac.
Had a bit of bad credit for a whole and that is why our f.a. only had GMAC as an option. All the other's where too high. He is hoping by next september we can change over. What do you guys think ??:A Tomorrow's just another day - keep smiling0
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