Originally posted by Fraidycat
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Property BOOM!
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Originally posted by Fraidycat View PostA 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?Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by vetran View PostWhen 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).Comment
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