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buying through newbuy

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  • buying through newbuy

    Hi, I'm just looking at the moment about buying a house through new buy scheme, have got all the money together yet though.
    I was looking for a bit of help in a few areas, really basic if possible.
    If I see a house for 100,000 and put a 5% deposit down, so have a 95% mortgage, I want to know how much I will have to pay a month? I don't know much if anything about interest rates etc, but if its around 1.98?? And its for 2 years how much do I pay a month? I know its really vague and may not have included all the right areas needed but any feedback would be really useful just can't quite get my head around it yet.


  • #2
    Re: buying through newbuy


    Play around with the "mortgage calculator" on the BBC website.

    I'd suggest you check the mortgage value on 7% interest rates in case things return to normal.