Owning your own home

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Dramatic_Hammer in reply to @NotThamesWater

We’re fairly standard all round I think. The best they’ve found is 2.09% with some cash back which compares reasonably (but is still worse overall) to 1.89% with First Direct.
It’s also taken me a while to work out a good way to compare stuff but total cost/capital paid off gives a handy ratio of value for money.

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NotThamesWater in reply to @Dramatic_Hammer

a good way to compare stuff

Spreadsheets, all the way. Most spreadsheet (Excel, LibreOffice etc...) will have a function that gives you monthly repayments based on mortgage type, nominal, interest rates, number of repayment etc... It makes comparing upfront costs & amortised costs very easy.

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Dramatic_Hammer in reply to @NotThamesWater

Thanks, I hadn’t thought to look for that. I’ve been using bank-supplied info sheets and the excel compound interest & regular payment function to work out capital & interest paid.
Main problem was distilling that into quantifiable VFM, hence ratio of total cost to capital repaid.

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