Property BOOM!

[northernladuk]

For a joint income it works out a 4K after tax, plus potentially child benefit. Which a single breadwinner on 60K will have to hand back. They will just get £3600 as you say.

Useful. Thanks.

[vetran]

A 25 year 330K repayment mortgage at 3% is £1560 a month, at 5% its £1900 per month.

What interest rate did you use to get £2800 per month?

shorten the term to less than half for us old farts and the standard variable rate is 4-6%

When the pack of cards falls later in the year and the BOE raises rates what rate will you be paying when the deal wears off?

[AtW]

You can now borrow for 0% and infinite amount as long as your deposit is in main Tulip-coin

[AtW]

When the pack of cards falls later in the year and the BOE raises rates what rate will you be paying when the deal wears off?

Rates (BoE) not going up now - we’d be lucky if they don’t go down for effective wealth tax (on people with real money).