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i was hoping not to get a mortgage but i'll probably need to borrow £20k if i buy the type of house i want. So whats the best type of mortgage if i'm borrowing that amount (variable, fixed, tracker or other) and i want to pay it back ASAP maybe in two years or even less but so i also have the option of taking more time to pay if things goes t!ts up
cheers :)
cheers :)
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one you can pay off asap.
not sure on circumstances but you should be able to get rid of 20k quickly.
not sure on circumstances but you should be able to get rid of 20k quickly.
Gresty
Easy one this. Doesnt really matter whether you go Fixed or variable. Key ios making sure you do not pay fees.
Abbey do a 3 year tracker with no arrangement fee , free basic valuation and £250 cash back. Rate is 3.09%
If you want me to sort it for you e mail me at chris@your-mortgagecentre.com
Payments on a 5 year term Repayment are £360.17
Would you not feel bad about being a slave to debt?
Easy one this. Doesnt really matter whether you go Fixed or variable. Key ios making sure you do not pay fees.
Abbey do a 3 year tracker with no arrangement fee , free basic valuation and £250 cash back. Rate is 3.09%
If you want me to sort it for you e mail me at chris@your-mortgagecentre.com
Payments on a 5 year term Repayment are £360.17
Would you not feel bad about being a slave to debt?
cheers chisel for the advice :)
i've been trying to phone the abbey for the last few days but have been unable to get through, in fact i'm on the phone right now to them but i'm in a queue.
i've been trying to phone the abbey for the last few days but have been unable to get through, in fact i'm on the phone right now to them but i'm in a queue.
chisel, £75k mortgage, 16 years...what can you do?
Every 1% move in base rate is about £40 per onth.
If you want a tracker ratet start at about 2.5% with fees to 3.1% with no fees . As this is equivalent of £20 of mortgage payment I think a mortgage with low fees is imperative.
Cost is about £500 for tracker with no fees or Fixed rates are slighty more expensive. Again avoid fees, 2 years shopuld cost £520, 3 years £570 , 4 years £550 (with Fee)
If you want a tracker ratet start at about 2.5% with fees to 3.1% with no fees . As this is equivalent of £20 of mortgage payment I think a mortgage with low fees is imperative.
Cost is about £500 for tracker with no fees or Fixed rates are slighty more expensive. Again avoid fees, 2 years shopuld cost £520, 3 years £570 , 4 years £550 (with Fee)
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