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Originally Posted by Graham
And, as with cash back mortgages, you're going to be *paying* for the value of the car, but not over the usual sort of eg five year finance plan that you'd normally use to buy the car, but over the full *twenty five years* of the mortgage, meaning you're going to be paying *much* more in interest charges!!
Not such a good deal after all...
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you're wrong there - the redemption penalty tie in on the mortgage is only for the first 5 years not 25. so you're only 'paying' for it over the first five years by paying a fairly uncompetitive interest rate and being tied to them.