interest rates

activities
activities Posts: 10 Forumite
Second Anniversary First Post
in Mortgages & endowments
Good morning. I am still having issues with Together Finance. Can anyone tell me what the monthly repayments should be on £45.300 loan at a variable rate currently 9.47. ? Thank you. julie

Comments

  • ACG
    ACG Posts: 24,418 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    It would depend on the term, but google amortizization calculator, that should give you the exact figures. 
    I am a Mortgage Adviser
    You 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.
  • silvercar
    silvercar Posts: 49,201 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    On a 25 yr repayment mortgage it would be 394.84. On a 20 yr mortgage it would be 421.37.

    interest only would be 357.49
    I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • zAndy1
    zAndy1 Posts: 258 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    9.47%  :open_mouth:  Blimey, and I thought my 7.14 Rochester mortgages rate was bad. Is there no way you can get onto a lower rate?
  • activities
    activities Posts: 10 Forumite
    Second Anniversary First Post
    Sadly not. They want to charge me an early exit if I change to a fixed  rate plus a fee to arrange it. They are a terrible company to deal with. I suspect they are incorrectly charging me as each month it alters.
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