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Woohoo - rates down to 4.5% lets get massive loans for new scoobs!

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Old 08 October 2008, 04:34 PM
  #31  
cookstar
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Originally Posted by timmy2take
Surely must be the other way round? £82000 p/m


155'000 x 6.9%
----------------- = £908
12
Old 08 October 2008, 04:39 PM
  #32  
PeteBrant
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Yup cookies right AFAIK - Take the percentage of your loan amount based on the interest rate you are paying, then divide by 12 and you will have your interest only repayments (minus any insurance premiums obv.)
Old 08 October 2008, 04:48 PM
  #33  
timmy2take
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Originally Posted by cookstar
155'000 x 6.9%
----------------- = £908
12
Sorry was forgetting to multiply the percentage.

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