Best 15 Year Rate Borrowing?

Best 15 Year Rate Borrowing?

Author
Discussion

2 5HAN

Original Poster:

696 posts

232 months

Friday 9th March 2007
quotequote all
Hi Guys

Just wonder for those of you in the lending market what sort of rate should i be able to get for £460k borrowing over 15 years?

160k Down as deposit.

Its not for a pricipal residence if that makes any difference?
Cheers in Advance

2 5HAN

Original Poster:

696 posts

232 months

Tuesday 13th March 2007
quotequote all
Sorry guys should have been more specific....

Its a building to be used for accomodating staff, reagrding equity that is no problem as are putting 160k into the deal and have plenty of equity for other security if needed?

Reason for 15 year deal was purely that i looked at a few different fixed rates and 15 years works for me in terms of an exit strategy.

Already have an offer from our Commercial Bank but wondered if there was anything being offered about or if you knew of anything?