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MSE News: Mortgage rates at record low, and they may drop further
Comments
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Do these figure add up?Five-year fix. Accord (part of Yorkshire Building Society), 3.64%, 75%, £1,995 fee. Over the term, it would cost £46,320 on a typical £150,000 repayment mortgage if the fee is added to the loan.
Am I reading that right? Add £1995 tot he loan and over what I assume is a 25 year term the extra repayments would be £46,320?!?!
Decimal point in the wrong place?0 -
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Sorry our efforts were of no value to you. Good luck with your search elsewhere.JimmyTheWig wrote: »Yes, but that's true in many circumstances.
Warning: In the kingdom of the blind, the one-eyed man is king.
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I heard Martin Lewis on the Radio yesterday taking about this - I think he should clarify that FIXED RATES are a decent bargain but other mortgages (such as trackers) are highly inflated to what they were a few years ago.
First time buyers may misunderstand his point on this.Original Mortgage £68456.47
Now £53521.10 - Mortgage to be cleared April 2014 (32 months and counting!)0
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