I obligation assistance beside what type of mortgage to procure and interest rates?
I am considering getting a mortgage, but i don't know which kind of mortgage would be best suited. I am inteding on borrowng between lb45,000 and lb55,000 over 20-25 years but i don't know what type of mortgage is best to get and how much monthly repayments would be. If anyone can dispense me an estimate of a monthly repayment for the amount and time to repay that would help greatly. I tried using some online calculators but i was informed that they are not especially accurate as i don't know exactly what interest rates would be:)
Many thanks! :)
Answers:
Try this link below they enjoy a 10 yr fixed rate so for 10 years you know exactly how much you will be paying each month. A 45k loan over 25 years would cost lb278 give or help yourself to a few pounds per month for example
www.westbrom.co.uk
The interest rate will change, not if you get a fixed rate though.
If you enjoy NO plans on moving tie in, but if your tied in and want to move the financial penalty could be high to buy out the deal.
The calculators will be possibly 1 or 2 lb out, but you need to out the correct interest rate in, look at the lender your interested within, and the type of mortgage and use the rate they stipulate.
I should add the cost of mortgage applications are going up, so watch for the upfront fees, as these should also be built into the overall costs if you want to compare similar to for like.
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Many thanks! :)
Answers:
Try this link below they enjoy a 10 yr fixed rate so for 10 years you know exactly how much you will be paying each month. A 45k loan over 25 years would cost lb278 give or help yourself to a few pounds per month for example
www.westbrom.co.uk
The interest rate will change, not if you get a fixed rate though.
If you enjoy NO plans on moving tie in, but if your tied in and want to move the financial penalty could be high to buy out the deal.
The calculators will be possibly 1 or 2 lb out, but you need to out the correct interest rate in, look at the lender your interested within, and the type of mortgage and use the rate they stipulate.
I should add the cost of mortgage applications are going up, so watch for the upfront fees, as these should also be built into the overall costs if you want to compare similar to for like.
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