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The lower APRC the better?
adriann123
Posts: 1 Newbie
First
time buyer 
Still learning.
See attached screenshot (standard HSBC products), I was under impression to make a decision based on APRC. Lower APRC means better borrowing rate and lower fees.My question is how come monthly payment is lower on 2.7% APRC than 1.8%? Am I missing something here?
LTV 42%, Term 8 Years, I'm thinking about 5 years fixed.
Thanks in advance,
Adrian
0
Comments
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APRC is calculated like this
Don't imagine for a moment is has any relevance to you and your mortgage.
Worry about the rate, the mortgage term, and the booking fee.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.1 -
@adriann123 In the words of Martin Lewis... "Ignore mortgage APR rates, they’re a meaningless load of b…aloney!"
1
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