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Working out Mortgage Re-payments - help!
supersaver2
Posts: 977 Forumite
Hi All,
I'm hoping for some advice please.
I have a fixed rate deal with the Woolwich which is coming to an end at the end of August. They have sent me a letter offering me a number of new fixes and I've decided which one to go for. I called them on Friday and I told them which new fixed deal I want. I was expecting as has happened before to be told how much my repayments would now be a month which is obviously important information! He told me he wasn't allowed to tell me and I need to work it out myself!
Now I am very badly dyslexic and I can't for the life of me work out how to do this?!
Can anybody help me with this and how I work it out? What information would I need? I know my current rate and my new rate, though I'm not sure of the exact amount still to be paid off on my mortgage!
Any help would be great and sorry for the strange question!
Thanks.
I'm hoping for some advice please.
I have a fixed rate deal with the Woolwich which is coming to an end at the end of August. They have sent me a letter offering me a number of new fixes and I've decided which one to go for. I called them on Friday and I told them which new fixed deal I want. I was expecting as has happened before to be told how much my repayments would now be a month which is obviously important information! He told me he wasn't allowed to tell me and I need to work it out myself!
Now I am very badly dyslexic and I can't for the life of me work out how to do this?!
Can anybody help me with this and how I work it out? What information would I need? I know my current rate and my new rate, though I'm not sure of the exact amount still to be paid off on my mortgage!
Any help would be great and sorry for the strange question!
Thanks.
0
Comments
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Amount borrowed (ie your remortgage balance), term borrowed over (number of years), and interest rate then you just plug into an online calculator.
Alternatively, post up the information here (amount, term, rate) and we can tell you.0 -
you could use "whatsthecost" to give you an idea0
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Why can't they tell you? That's ridiculous?!0
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Post the mortgage size, the term, and the rates you have been offered(get someone to help you if necessary) and one of the brokers here will calculate the figures for you.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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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