Homemover Finance 0% Apr - From The Local Ea

[interestrateripoff]

rest?

For example:

Borrow £5,000 0% APR Typical loan over

3 years at £138.88 per month.

Reduce your mortgage by £5000

Monthy saving of £31.06* which equates

a saving of:

• £9,318 over 25 years*

• £11,180 over 30 years*

* Based on an average UK base rate of 5.50% over

the last 10 years

This assumes no change to Interest Rates

but a larger deposit gives you the potential

beneft from a lower interest rate.

Increase your savings

USE BLUNDELLS ASSIST TO INCrEASE

yOUr SAVINGS

KEEP THE MONEy IN yOUr OWN BANK.

Some people will not require any extra help to move. That is

absolutely fne. You can take the 0% APR TYPICAL FINANCE

and earn interest on the money, whilst keeping some back in

case it is ever required.

http://www.blundells.com/blundells/press_releases/QALeaflet.pdf

Cut and pasted from the link, the text is all wonky so it's not cut and pasted quite right.

Seems a bargain, I'm thinking of moving....

[Bloo Loo]

The loan is designed to cover the cost of both Stamp Duty and legal fees.

thats all you can get.

Its the same as 0% on a telly.

[Bloo Loo]

“Our £1 billion initiative offers financial assistance to thousands of people allowing them to move up or down the property ladder. Everyone is now entitled to an interest free loan to pay for stamp duty and legal fees.”

James Caan....Dragons den spiv....chairman.

[interestrateripoff]

Its the same as 0% on a telly.

Not had the pleasure of seeing that advert.

[Bloo Loo]

Not had the pleasure of seeing that advert.

yeah, they all do 0%....you get hammered with 35% if you go 1 day over the 12 month free period.

Its not for the house purchase though, its for the agents bit.....basically, hes offering through a finance company to spread the debt...the agent will be paying for this I imagine, maybe Caan expects to have the deal secured on your house too.

[lets get it right]

yeah, they all do 0%....you get hammered with 35% if you go 1 day over the 12 month free period.

Its not for the house purchase though, its for the agents bit.....basically, hes offering through a finance company to spread the debt...the agent will be paying for this I imagine, maybe Caan expects to have the deal secured on your house too.

Agents get paid £500 for every deal they introduce!

It was introduced last September. I guess the idea is to get more agents using Look4AProperty.

Press Release

Has it worked? Can't see it myself. They had the daft idea of limiting it to one agent per town.

Buying your first place has always been a struggle. And, if you could, you'd wrap up stamp duty and other fees into your mortgage, so they's only be costing you a few quid a month. The bright idea is to make sure you have to pay a few hundred quid a month for a year or two, instead of £20 for £25 years.

I can't see it catching on myself.

[Bloo Loo]

Agents get paid £500 for every deal they introduce!

It was introduced last September. I guess the idea is to get more agents using Look4AProperty.

Press Release

Has it worked? Can't see it myself. They had the daft idea of limiting it to one agent per town.

Buying your first place has always been a struggle. And, if you could, you'd wrap up stamp duty and other fees into your mortgage, so they's only be costing you a few quid a month. The bright idea is to make sure you have to pay a few hundred quid a month for a year or two, instead of £20 for £25 years.

I can't see it catching on myself.

Ok, so wheres the beef for the finance company?

or does actually making a profit not figure in finance today?

or is it a government scheme?