The catch, of course, is that you actually have to pay off the loan before the zero interest period expires.
For someone borrowing £300,000 and opting for a 90% loan-to-value (LTV) five-year fixed rate with a 0% interest period for the maximum six months, the initial monthly payment would be £1,000 (capital only) – much less than the £1,715 that someone taking the standard version of the Leeds 90% five-year fix would pay.
Hollingworth broadly agrees, saying that while the worry is always that people will be hit with "payment shock", with this deal "it's all set out. "You move on to a fixed rate and you know exactly what you'll be paying from month four or seven (when the zero interest period has finished).
For example, for someone borrowing £300,000 and opting for a five-year fix with a 0% interest period for six months, the initial monthly payment would be £1,000 compared with £1,715 on the standard version of the Leeds 90% five-year fixed-rate mortgage.
As Ars Technica notes, the appointment of Kroes by Uber falls outside the EC's 18-month conflict of interest period, which is intended to throw a wedge in the unsightly revolving door that sees ex-politicians with powerful public sector connections switch to selling their services to the companies that used to lobby them whilst they were in public office.
"Loans under the credit facility bear interest, at our option, at (i) a base rate based on the highest of the prime rate, the federal funds rate plus 0.50% and an adjusted LIBOR rate for a one-month interest period plus 1.00%, in each case plus a margin ranging from 0.00% to 0.75% or (ii) an adjusted LIBOR rate plus a margin ranging from 1.00% to 1.75%.
Consumers with good credit can benefit from more generous introductory offers, including longer zero percent interest periods for both purchases and balance transfers, lower regular interest rates and higher initial cash-back offers.
Look for cards with 0% initial interest periods.
Pay attention to the fine print of your credit card agreement - often, cards with initial 0% interest periods will immediately begin to incur high interest at the end of this period.
The Haitian political class is totally interested in its corporate interests, period.
If you qualify for a 0% interest credit card, for example, can you afford to repay the amount before the no-interest period runs out?
