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Interest rates on the Up.
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<blockquote data-quote="midlandslad" data-source="post: 7968838" data-attributes="member: 5349"><p>Back when interest rates were 15% land was £3k an acre, so a 25 year loan was £456/acre.</p><p>With rates at say 4% and land at £10k an acre the same loan is £636/acre.</p><p></p><p>Also, with the former the majority of the loan would be offset-able against tax, whereas with the latter you would need to pay your tax before paying most of the repayment.</p></blockquote><p></p>
[QUOTE="midlandslad, post: 7968838, member: 5349"] Back when interest rates were 15% land was £3k an acre, so a 25 year loan was £456/acre. With rates at say 4% and land at £10k an acre the same loan is £636/acre. Also, with the former the majority of the loan would be offset-able against tax, whereas with the latter you would need to pay your tax before paying most of the repayment. [/QUOTE]
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