Typical mortgage rate?

[northernladuk]

Might look good but no one has mentioned arrangement fees which makes a world of difference.

[Ticktock]

Might look good but no one has mentioned arrangement fees which makes a world of difference.

Mine has about 1k added to the loan for fees.

So makes next to no difference at all.

[DimPrawn]

Mine has about 1k added to the loan for fees.

So makes next to no difference at all.

Over 25 years, that £1K with compounded interest will probably cost you about the same as a new car.

But hey, we're contractors, we earn that every day.

[Ticktock]

Over 25 years, that £1K with compounded interest will probably cost you about the same as a new car.

But hey, we're contractors, we earn that every day.

What makes you think I'll take 25 years to pay it off? And anyway, if I did I'd end up paying £1.57 for every £1 borrowed (with what the variable would currently be), so that £1K would cost me £1570.

Not really a new car.

[PurpleGorilla]

Thanks everybody - very helpful

[northernladuk]

Mine has about 1k added to the loan for fees.

So makes next to no difference at all.

But it's you are unlikely to keep the mortgage for the full term if you are chasing discounts so makes a very big difference if you are going to swap again.

[WordIsBond]

My wife has all of the figures.

My wife has only one, but I quite like it.

[NorthWestPerm2Contr]

Got 2.39% for 70% LTV last year. Apparently a lot more competitive now and can get even better rates.