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Mortage deal advice
Buntyblue
Posts: 27 Forumite
I have been offered 5.64% of £120,000 mortage and APR of 5.8%. If I get a up grade my account and pay £12.95 a month.
It will keep our home start interest only until next year with our repayments £564 per month, then going up to £835 per month.
Just wanted to know if people thought it was a good deal. We cant pay more per month due to only having one wage ( got a one year only and I'm a student social worker)
Any advice would be most welcome!!:T
Thanks
Bunty
It will keep our home start interest only until next year with our repayments £564 per month, then going up to £835 per month.
Just wanted to know if people thought it was a good deal. We cant pay more per month due to only having one wage ( got a one year only and I'm a student social worker)
Any advice would be most welcome!!:T
Thanks
Bunty
0
Comments
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Hi Bunty,
Sorry I don't have any specific advice other than that with any mortgage - could you still afford it if the re-payments went up by a few %? You may get more technical info if you post on the Mortgage Board ... I don't want to seem unhelpful but I don't know very much about the current deals that are out there! Sorry!
Target debt - Loan left over from previous relationship - c. £3700
“Courage is found in unlikely places” — J.R.R. Tolkien0 -
Thanks for post Jenna
Think I may have placed it on wrong board! I'm new to this site and am trying to save a bit of money as so skint! (like us all)
I am so slow on some things only just started to collect brit trip tokens!
Thanks again
bunty0 -
Welcome to the site
tis no worries, takes a while to get used to it. It's only as people there are lots more knowledgeable about it all!
No idea what brit trip tokens are sorry (perhaps I'm a touch slow too :P) but good luck with it all.
xxTarget debt - Loan left over from previous relationship - c. £3700
“Courage is found in unlikely places” — J.R.R. Tolkien0
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