I unfortunately bought in 2006 and am trying to figure out if I am better off over the term of my 30 year mortgage with 1 % above ECB tracker, than someone who borrowed an amount that would buy an identical property at today's prices with an average standard variable rate.
If my mortgage in 2006 was 450000 and today my property (and mortgage required )is 60% less. I.e. 270,000, after a 30 year term assuming rates remain unchanged (unlikely I know), would I be better off?
Maths boffins..... Thank you
If my mortgage in 2006 was 450000 and today my property (and mortgage required )is 60% less. I.e. 270,000, after a 30 year term assuming rates remain unchanged (unlikely I know), would I be better off?
Maths boffins..... Thank you