What would the predictable interest be on a lb45,000 remortgage.?
My current mortgage has 10 years to run at 6.5 interest. I owe
lb21,000 and would like to remortgage. I hold a bit of debt but equity of about lb60,000 - what would be the cheapest way of remortagaging?
Answers:
45000 at 4.99% (clean credit only though) monthly repayments on interest only would be lb187.13 - if you enjoy some bad credit you would probably need a in close proximity prime product at around 5.17% monthly repayment of lb193.88 if you need any more information please e mail me. 6.5% is the standard changeable rate and is costing you money. Source(s): Mortgage Consultant
I salary 4.75% with the woolwich. My mortgage is lb58K and I pay lb317 a month so yours would be (45/58)x317 = lb246 a month for a 45K mortgage.
Shop around though - near are good deals out in attendance.
Likely interest would be lb450 per year for every 1% interest.
ie. 6.5% interest would be almost lb2925 per year or lb243.75 per month.
However 6.5% seems a lot to take-home pay. Try the Nationwide discounted mortgage I pay about 0.1% below substructure rate. This is discounted for two years, then remortgage again.
Hope this is some help.
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lb21,000 and would like to remortgage. I hold a bit of debt but equity of about lb60,000 - what would be the cheapest way of remortagaging?
Answers:
45000 at 4.99% (clean credit only though) monthly repayments on interest only would be lb187.13 - if you enjoy some bad credit you would probably need a in close proximity prime product at around 5.17% monthly repayment of lb193.88 if you need any more information please e mail me. 6.5% is the standard changeable rate and is costing you money. Source(s): Mortgage Consultant
I salary 4.75% with the woolwich. My mortgage is lb58K and I pay lb317 a month so yours would be (45/58)x317 = lb246 a month for a 45K mortgage.
Shop around though - near are good deals out in attendance.
Likely interest would be lb450 per year for every 1% interest.
ie. 6.5% interest would be almost lb2925 per year or lb243.75 per month.
However 6.5% seems a lot to take-home pay. Try the Nationwide discounted mortgage I pay about 0.1% below substructure rate. This is discounted for two years, then remortgage again.
Hope this is some help.
Related Questions: