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This is a question Where Did It All Go Wrong?

Woocfot asks: Tell us all about that turning point in your life when it started going downhill. Yeah, that drunken conversation with my dad when he suggested I become a civil servant. Dammit, I could have been an astronaut

(, Thu 28 Feb 2013, 11:32)
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Where the fuck have you got 1.5% from?
For the last time, as if I had wanted to be a teacher, I would have been.

Rates at the time were 5%. My rate tracked .5% below that rate. This gives us a rate of 4.5% for my mortgage. Borrowing £375k at 4.5% pa works out at monthly payments of £1,400.00 - which then dropped to £0pcm within a year, as the base rate fell to .5%

You do the math.

G'night.
(, Thu 28 Feb 2013, 22:09, 1 reply)
You asked where I got 1.1 million from so I explained.
You're a bit defensive here.
(, Fri 1 Mar 2013, 7:24, closed)

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