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  • FIRST POST
    • MSE Faye
    • By MSE Faye 29th Jun 16, 12:42 PM
    • 146Posts
    • 55Thanks
    MSE Faye
    New 0.99% mortgage, but is now the time?
    • #1
    • 29th Jun 16, 12:42 PM
    New 0.99% mortgage, but is now the time? 29th Jun 16 at 12:42 PM
    You can slash your EXISTING mortgage costs by £1,000s with the cheapest-ever 2-year-fix remortgage launched, at 0.99%...
    Read the full story:
    ' New 0.99% mortgage, but is now the time?'

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Page 1
    • Pincher
    • By Pincher 29th Jun 16, 3:39 PM
    • 6,516 Posts
    • 2,491 Thanks
    Pincher
    • #2
    • 29th Jun 16, 3:39 PM
    • #2
    • 29th Jun 16, 3:39 PM
    The funkiest is 1.99% fixed for five years, Maximum Loan £5million.

    Borrow £5million pounds from HSBC, buy HSBC shares that pays ~8% dividend, which I use to pay the 1.99% interest, plus principal. Do that for five years. Clear 5% of £5 million, which is £250,000 a year. At the end of five years, some principal is repaid, and the shares have gone from £4.50 to £8, so make another £4million.

    Must say my dreams give me more pleasure than anything reality has to offer.
    • SLZ
    • By SLZ 29th Jun 16, 7:46 PM
    • 232 Posts
    • 59 Thanks
    SLZ
    • #3
    • 29th Jun 16, 7:46 PM
    • #3
    • 29th Jun 16, 7:46 PM
    65% LTV, double the usual booking fee and maximum mortgage is £500k. Doesn't seem to be of much use if buying within London.
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