aakarsh77
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Expert Financial Adviser Answer
Dr David Carter FPFS
answered 1 year ago
The interest rate charged will depend on a whole lot of factors: how big a percentage you wish to borrow, your credit history and so on. The range is from about 3% (or just a little under) to 6% or more. Just as a starter, I suggest you use 4% if you are borrowing under 75% and 5% if you are borrowing up to 85%, with 6% if you intend to borrow 90% of the purchase price.

But this is just a rough guide!
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Expert Financial Adviser Answer
Dr David Carter FPFS
answered 1 year ago
The interest rate charged will depend on a whole lot of factors: how big a percentage you wish to borrow, your credit history and so on. The range is from about 3% (or just a little under) to 6% or more. Just as a starter, I suggest you use 4% if you are borrowing under 75% and 5% if you are borrowing up to 85%, with 6% if you intend to borrow 90% of the purchase price.

But this is just a rough guide!
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