Does the new interest rate effect your payments much? - Corsa Sport - for Vauxhall and Opel Corsa B, Corsa C and Corsa D

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Aaron

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Registered: 9th Aug 04
Location: Cottingham, East Riding
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9th Nov 06 at 13:16

http://news.bbc.co.uk/1/hi/business/6129780.stm

I'm on a fixed rate mortgage so i've no idea how much the new rate changes people payments.

Ally

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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
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9th Nov 06 at 13:58

Will effect those with a non-fixed rate mortgage

[Edited on 09-11-2006 by Ally]

Ally

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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
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9th Nov 06 at 13:59

EG - 95k mortgage over 30 years

£500 repayment, with new 5% rate repayment would be £515

--Dave--

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Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
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9th Nov 06 at 13:59

i heard both the interest rises will have roughly a 10% increase on monthly repayments.

Ally

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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
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9th Nov 06 at 14:00

All depends on the value of the mortgage remember!!

--Dave--

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Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
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9th Nov 06 at 14:05

10% was the average increase as far as I'm aware.

Doesn't affect me as I'm on a fixed for 5 years

Ally

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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
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9th Nov 06 at 14:30

10% seems abit harsh

--Dave--

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Registered: 17th Feb 04
Location: Essssseeeeex Drives: Black Supra TT
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9th Nov 06 at 15:17

that's what I thought. Was in the Metro though

mav

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Registered: 19th Jun 01
Location: Scotland
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9th Nov 06 at 15:42

I'm on a fixed rate at moment.

Ally

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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline

9th Nov 06 at 15:46

Tracker mortgages are crap imo, was advised not to get one

Anyone on here have a tracker?

liveseytowers

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Registered: 18th Apr 05
Location: Blackburn
User status: Offline

9th Nov 06 at 16:00

I've never liked the idea of a tracker mortgage so went for a fixed 5 year one. You'd have to be mad to go for a tracker in the current house market. Still waiting for the crash that was promised years ago. Gona buy a second house and rent it out if they ever drop

Jodi_the_g

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Registered: 7th Aug 01
Location: Washington D.C
User status: Offline

9th Nov 06 at 16:07

quote:
Originally posted by Ally
EG - 95k mortgage over 30 years

£500 repayment, with new 5% rate repayment would be £515

or a extra £5400 on top of the morgage.

Still the lowest they been on average for about 20 years, though been raise alot recent and will almost certain keep going up with the encomeny the way it is.

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