My fixed rate mortgage deal comes to an end soon and I'm looking forward to the saving i should be making. After checking on one of the online mortgage calculators i was pleased to see my repayments would be dropping by nearly £200. Not wanting to get carried away i phoned my mortgage provider to check what my saving would be and they said closer to £150. So who is right? Here are the details:
-£100000 mortgage
-18 years left to pay(last years balance 1/4/2012 was £90594)
-current interest rate 5.89%
-current repayments £640.25
If anyone could shed some light on this i would be eternally grateful.
-£100000 mortgage
-18 years left to pay(last years balance 1/4/2012 was £90594)
-current interest rate 5.89%
-current repayments £640.25
If anyone could shed some light on this i would be eternally grateful.
