Product Term: 5 years
Overall Term: 25 years
Rate: 2.44%
Monthly Payment: £1,362.57
Incentives: None
335,000 property price with 10% deposit. Am i right in thinking that with 3 or 5 year terms i think i'll breach 80% LTV, whereas i dont think i would with a 2 year.. is that something worth considering?
5 makes sense in traditional terms (longer term security) but given your nature of work (and where you work) wont be affected by Brexit I'd go 2 because I am pretty certain you'd want to move towards something bigger/better in 2 years.
These are my offered rates
Product Term: 2 years
Rate: 1.89%
Monthly Payment: £1,280.67
Incentives: £500 Cash Back
Product Term: 3 years
Rate: 2.19%
Monthly Payment: £1,324.61
Incentives: None
Product Term: 5 years
Overall Term: 25 years
Rate: 2.44%
Monthly Payment: £1,362.57
Incentives: None
335,000 property price with 10% deposit. Am i right in thinking that with 3 or 5 year terms i think i'll breach 80% LTV, whereas i dont think i would with a 2 year.. is that something worth considering?