Owning your own home

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ChasnotRobert

Does it make sense to pay £1000 for a mortgage product which saves just over £1,400 over 5 years?

I guess discounting the £1,400 back to present value would suggest not. But it still saves actual cash over the term.

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Hovis in reply to @ChasnotRobert

What is the alternative, a fee free one fixed at a slightly larger rate?

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ChasnotRobert in reply to @Hovis

Yes, that was the idea.

However Nationwide have now decided to give me the lower rate with no fee, and chuck in £100 into the bargain.

Happy days.

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