Mortgage Calculators: How To Avoid Getting Caught Out

Mortgage calculators. Misleading and sometimes illegal. Learn how not to get caught out and avoid making decisions based on wrong information.
#mortgagecalculator #mortgagecalculators #mortgage
Our site - www.promisemoney.co.uk
Call us - 01902 585020
THANKS FOR WATCHING!! DON'T FORGET TO LIKE AND SUBSCRIBE TO KEEP UP WITH NEW VIDEOS!
Promise Money is a broker not a lender.
Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance
These loans are secured on property and subject to the borrowers status
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Correct when this post / video was published
Mortgages and Remortgages
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender's current variable rate at the time.
The total charge for credit is £317807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender's current variable rate at the time. The total charge for credit is £55.730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments.
Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
Promise Money is a trading style of Promise Solutions Ltd - Company number 04822774
Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority - Number 681423
The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk
Tags: Mortgage Calculators,mortgage calculator,Mortgage rates uk,Mortgages uk,Finance news,Uk finance news,Interest rates,Mortgage rates,Interest rate rise uk,mortgage interest rates,Uk mortgage rates,Best mortgage rates,Interest rates mortgage,Bank of England,Bank of England interest rate,Mortgage broker,Home loan,Market news,Interest rates today,News,Finance,Personal finance,Mortgage,Housing market,mortgage calculator app
Music from #Uppbeat (free for Creators!):
uppbeat.io/t/avbe/12-am-in-osaka
License code: M29PANX9KPTCGC28