[WillowTheWhisp]

Originally Posted by entwisi

Willow it is as I said, the 'original cost' of the house plus what interest that would be payable over the term divided by the number of payments to be made

The interesting point as raised by Neil is that it effectively is a 25 year fixed rate. now how close to the normal fixed deals(say 5 year ones) is the rate they use. If it is teh same then it could be a very useful tool to people who want to know exactly want a mortgage would be for teh whole term of teh mortgage

That was my whole point Ian when I said a rose by any other name.

We've got a fixed rate mortgage for the full term.