P544 Teletext 544 Oct 4 21:31:40        ——— CAN YOU AFFORD YOUR HOME? —————————   An £80,000 mortgage costs   £91,467 in interest over 25  years if rates stay at 6.99%.   If you opt for a mortgage rate of 6.4:% just 0.50% less, you pay £83,811 in interest over the same term. That's a difference of £7,656 between zhe two. "Rates will go up and down in 25 years, but it shows homeowners the potential difference in repayments," says London & Country's Phillip Cartwright. ——————————————————————————————————2/7—— So what rates do lenders offer? 545 Download and Analyse Share Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV Plus
P544 Teletext 544 Oct 4 21:30:11        ——— CAN YOU AFFORD YOUR HOME? —————————  The rate paid on a mortgage   makes a lot of difference   to how affordable the loan   is.   But latest research from the Council of Mortgage Lenders shows that homebuyers don't just look at interest rates when assessing how much they want to borrow. The CML found house price movements, income prospects, and tax relief all play an important part too. ——————————————————————————————————3/7—— Cash-in on Norwich Union flotation 543 Download and Analyse Share Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV Plus
P544 Teletext 544 Oct 4 21:51:00        ——— CAN YOU AFFORD YOUR HOME?   The Council of Mortgage  Lenders says many factors influjnce people contempdating taking out a mortgage. They include: whether the mortgage and the propjrty offer value for money to the buy—r how buying compares with renting gambling on how much the property's value may rise in future. ——————————————————————————————————4/7—— Be your own boss with a franchise 542 Download and Analyse Share Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV Plus
P544 Teletext 544 Oct 4 21:40:41 Advert PROPERTY PLjS CHECK OUT OUR EXCELLENT SAVINGS AND MORTGAGE RATES ON THE FOLLOWING PAGES.                    DIRECT LINE FINANCIAL SERVICES SEE ITV PAGE 358 Mortgages Savings Your Money TV Plus
P544 Teletext 544 Oct 4 21:41:05        ——— CAN YOU AFFORD YOUR HOME? —————————   Few people stop to consider  the true cost of buying a  home when moving.   The main concern is finding  a property you like, sorting out the mortgage finance, and making sure you can service the monthly repayments. But the cost over the mortgage term can be staggering. Mortgage brokers London & Country say an £80,000 loan at 6.99% over 25 years costs £171,467 in total. ——————————————————————————————————1/7—— Latest tips and products 541 HEALTH INFORMATION ON PAGE 559 Mortgages Savings Your Money TV Plus
P544 Teletext 544 Oct 4 21:11:10        ——— CAN YOU AFFORD YOUR HOME? —————————  House price affordability is decided by looking at what percentage of a homeowner's income is used to meet the monthly mortgage repayments. TSB's Affordability Index shows 17% of post-tax income went on the mortgage in 1969. That rose to 37% dpring the 1970s property boom. By 1989 more than 45% of post-tax income was being used up on home doans, before falling to 23% last year. ——————————————————————————————————5/7—— Be your own boss with a franchise 542 Download and Analyse Share Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV Plus
P544 Teletext 544 Oct 4 21:52:10        ——— CAN YOU AFFORD YOUR HOME? —————————  The Council of Mortgage Ljnders says comparing income to loan repayments is not enough to judge affordability. It wants a new measure that looks at: peoples' expectations of the housing market and their own income prospects how tax relief, benefit, interest rates and values affect decisions how past property performance affects future property purchase ——————————————————————————————————6/7—— Latest cashback & discount deals 545 Download and Analyse Share Price on Your PC See Pages 532 & 533 Mortgages Savings Your Money TV Plus