86bibo
2018-03-20 16:06:19
- #1
If you finance with a building society savings variant, the extra repayments cost you nothing, as these are made into the building society savings.
Yes and no. That is only the case in the savings phase; once allocation has taken place, there are usually predefined rules like with the annuity loan. So you have to look at the details. However, I would think carefully about a building society savings contract because the type of loan actually hardly matters when assessing creditworthiness. But with the building society savings contract, you run a big risk if you don’t manage to reach allocation within the fixed interest period. Then the entire loan amount has to be refinanced. For a bank, the risk there is even higher than with the classic annuity loan.
For variable income, I agree with the majority, most banks only consider the fixed part.
That is probably correct. You are most likely to have the most luck with your house bank.
Basically, I can only partially understand why someone would want to repay so little. If the money is coming in reliably, why not repay directly at 2-2.5% and use the mostly included 5% extra repayment option for the rest? If the money is not coming in that securely, then you will have problems anyway. Additionally, there are loans that allow you to adjust the repayment rate 1-2 times free of charge.