Community Status Updates

jonnyboy

PM Jon Tell on here I think this is his area of expertise.
Oct 11 2012 06:19 PM

kitcar765

house prices still dropping, i would hold off.
Oct 11 2012 06:23 PM

Mangham54

You may save £1k or £2k if you wait, but you then may get stumped for a less worthwhile interest rate.

Eg 100k @4.79% (35yr)= 481.55pm (£206,373.80)

versus £98 @ 5.29% = 512.87pm (215,399.98)

So saving £2k could, on just 0.5% interest hike, cost you nearly £30pm more, or £9k over the length of a 35yr mortgage.
Oct 12 2012 07:26 AM