BMAT 2016 · Question 18 · Ratio/Proportion/Percentage
SaveI have a deposit of £25 000 that I want to use to help to buy a house. The purchase price of the house is £150 000, and the remainder of the cost of the house is to be financed using a mortgage. My building society offers 5 mortgages, the details of which are published on its website as follows:
If the Bank Base Rate (currently 2.0%) stays the same over the next year, which of the mortgages that I am eligible for will cost me the least in fees and interest over the first year?