Suresh

1.65% for 10years fixed (Euros of course)

It helps to have a sizeable employee discount and tax-deductible interest. Anyone remember MIRAS??

Not that I'm gloating of course.

Suresh

the moose

My French one's not a lot higher, tbh.

Suresh

I'm impressed that you got 10 year money so cheap then. My guess is it didn't happen in the last 5 years.....

imlach

As the well heeled mutter, "what's a mortgage"

Suresh

The interest rate on our internet savings account is at least 2.5% and other investments are returning rather more than 1.65%. Even our safest AAA investments are paying 10yr govt + 25bps. Not having a big mortage at that rate would be profligate.

imlach

So who's the employer?

fast bloke

employee discount = benefit in kind - pay your tax like everyone else. Oh - hang on - you are a blaiumlicker, so no doubt you pay every penny to the thieving git?

Suresh

Sorry what on earth are you talking about?

fast bloke

you paying 1.65 on a fixed rate euro mortgage. as it is an empolyee discount you should be paying tax on it as a benefit in kind, so you wont be paying 1.65. So are you evading tax and paying 1.65 or are you paying the tax and paying the normal Euro mortgage rate of 2.5?

ChrisB

Should I add a subtitle to the thread of "***** waving"?

fast bloke

yeah!!

Dick Cheese

In this case I can safely say : "Mine's bigger than yours!"

fast bloke

First thought is 'Not for long' Second thought is is yours really that big?

Chip

Maybe so but it's how you use it that counts

Chip

Suresh

Wrong. I am paying 1.65% net and not evading tax. I am not subject to the same tax rules as you are.

Deep Singh

All I can say is you are very lucky Suresh. I get the feeling some here seem to be a little jealous.

Deep

Brit_in_Japan

Current Bank of Japan interest rate = 0%
I don't have a mortgage here, but there must be millions here who do.

106rallye

Japan must have THE lowest rate of inflation to support a base rate like that!

Andy

Suresh

From this week's Economist -

Deflation continues in Japan. Its overall consumer-price index (CPI) fell by 0.7% in the year to October, the biggest drop for three years. On the other hand, the core CPI (excluding volatile fresh-food prices) was flat. But if oil prices are also excluded from the core measure, as in most other countries, the inflation rate is still firmly negative.

TopBanana

A cheap way of raising money to invest in other things

Deep Singh

Only if they return more than 4.5% after tax!!

Chip

Which a lot of things do, if your lucky of course.

Chip

MattN

I pay 4.64% so only 3% more not exactly a lot is it.

Deep Singh

Chip, yes and no. Not many investments offer a gauranteed return of 6.5% +
(assuming 40% tax payer) If you know of some please let me know.

Deep Singh

Matt are you serious?? That 3% over 10/15/20 years on a mortgage of say £250k will run into 10s of 1000s of pounds. Not good enough at maths to do the exact calculation though!

TopBanana

Guarantee schmarantee

MattN

But you don't know what he does for a living, he may get paid a lot less than the going rate.

Besides, when you have as much money as me you don't really need to worry about such things.

Deep Singh

Matt, if you had that much money you would be mortgage free like me(LOL)

MattN

LOL - I like to keep a couple of million lying about ...