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1st Start Mortgages

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sammd | 20:07 Mon 27th Mar 2006 | Business & Finance
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Do you know if there's any disadvantages to getting a 1st Start Mortgage rather than a normal mortgage?
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Avatar Image Hamish
You wont pay off any capitial in the first instance, and might get a shock in a few years. Just taken one with the knowledge that my salary will inc by approx 3K over the next 3 yrs and should therefore cover the inc costs - also saving like crazy to pay off some capital at the end of the 'interest only' period 5K will make a sig differacne.
13:02 Tue 28th Mar 2006
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Hmm, thanks. Think i'll stick to a normal one.
20:26 Tue 28th Mar 2006

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