Be Excellent To Each Other

I could work this out, but I have a cute, (but teething and cold ridden) baby on my lap who refuses to sleep.

2.77% and a £999 up front fee

3.19% and no fee up front.

At what point does the 2.77% mortgage become better value?

Malc

12 years?

Depends on the amount loaned, surely?

Yeah, if your mortgage is less than £999 then it'll never be better value.

yes, that's my question, If I am borrowing X, what value does X have to be for the cheaper rate to be cheaper overall?

Malc

Banks, esp. mortgage advisors.

ah, I see what you are saying, there are 2 variables, I guess, the amount borrowed and the term.

Lets assume I'm gonna change mortgage provider in 5 years or so.

Malc

re-read the topic title (yes I edited it, what are you going to do about it?)

Malc

Carry on about my business sir!

But yeah, there are two variables, so given the term we can work the amount out, or given the amount we can work the term out. (by "we" I mean someone else)

Over 5 years, I make the break-even point just shy of £38,000.


Could all be bollocks, of course.

Just to show how cute a poorly baby can be:



Malc

You're only saying she's cute because she's got you by the balls.

and of course:



Malc

So anything more than that and it's better to stump up the grand?

I thought that would be the case.

Thanks

Malc

Yup.

Money saving expert forums are for you my friend.

All your money save super expert forum are belong to us.

Poorly? If the little one's just necked two cans of carling I'm not suprised they've passed out and will later be sick. Kids today, eh? Tch and all that.

Yeah, I know, I just wanted a quick answer from someone that had a good maths brain, I knew the answer really, I just wanted confirmation.

I wonder if 2025 me is going to appreciate 2010 me increasing the length of my mortgage?

I recon 2025 me will be earning more than 2010 me so he can go fuck himself!

Malc

I was being sarcastic. The number of variables, and lack of facts in the OP make yours an impossible question to answer. This won't stop half the idiots over there having a good crack at it though.

Awww... cute kid.