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[quote][i]Originally posted by Aaron[/i] [quote][i]Originally posted by Aaron[/i] [quote][i]Originally posted by Paul_J[/i] [quote][i]Originally posted by Aaron[/i] [quote][i]Originally posted by Paul_J[/i] In comparison, my sister put down I think £60k on a house worth £170k - thus borrowing about £110k over 25 years. I think she'll only have a total of £80k interest over the time - meaning she'll only have paid about £190k for a property worth £170k (not bad). [/quote] :lol: and the £60k she "put down"? She gets given that back to her does she? :lol: [Edited on 02-08-2011 by Aaron] [/quote] Oh yeah, forgot about that £60k :lol: but my point still remains, the interest she pays is a lot less over 25 years than if it was stretched to 35 years. that was what my post was about. [/quote] Despite what James might say....[b]DONT[/b] go into banking. [/quote] :lol: Fucking lol at the U2U i just got Paul_J about this comment of mine: "Why's that? Because I rushed out a meaningless forum post within 2 seconds without thinking too much about it? Tad harsh. I work as a software developer, working on accounting / finance software dealing with numbers daily without problems. I have an A-Level in Maths and completed my Maths for scientists and logic and discrete maths modules as part of my Computer Science degree. The point I was hastily trying to demonstrate was that the monthly repayments may seem 'better' over a longer term, but the total repayment is far far higher. With my silly mistake or not, that point still stood in my example." My comment about not going into banking was a joke :lol: *but seriously, dont do it. [Edited on 02-08-2011 by Aaron] [/quote]
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