my mates paying 820 a month for 142000 is that a lot.Whats the avarage payment a month

 

Mine is £697.27p for £100k over 20 years on a repayment mortgage.

I got a fixed rate of 5.4% for 7 years when i started the mortgage (2002)

Steve.

 

really depends how much you earn as to weather its alot, the main thing to look at is how much extra you will pay if the interest went up just 1%, i bet it will supprise you.

 

Paying £575 pm for 25 years on a £100K fixed rate for 10 years

Mark

 

You need to be asking if its repayment or mortgage only too.

Interest only at 5% a month your 142 grand mortage would be under 600 for example.

 

it would be a repayment mortgage

 

Mines a Repayment,

i'm a year into the mortgage, on 150k borrow'd, i'm paying £963 a month in total.
on Halifax, 4.3% fixed rate for 2 years.

 

you should be able to get that cheeper have a look on the net money super market

 

man i need a mortgage and a cossie

 

No my mortgage is £663 a month, at 122k borrowed, on 25 year repayment,

£300 a month is for a loan off a family member, , and will be payed back with in 10 years.

EDITED to say-
if i payed the loan off over 25 years, i would be paying a total of around £765 a month for the lot.


My cossie hasn't been used since i brought my house, as not got the money. i've even sold parts off it, to get money.

i do work upto 65 hours, to pay for everything.

 

Mine is £853 a month ,borrowed £147k Shocking really that it costs this much to live in a house a month,but what else can you do?

 

christ some of u pay more on ya mortgage than what i earn in a average bad month at work lol

 

£459 on 85k @ 4.9 Fixed. Repayment over 30 years

 

time for a shocker

repayment morguage

200.20 per month over 20yrs for 35K

 

Nice one mate for being in such a superb position . I'm about to take the tumble on a £200k mortgage with the missus!! Fookin about £1100 a month fixed!!!!

 

Bloody hell ,,i feel very sorry for youngsters today

How the hell do you live with payments like that

 

Depends on the interest rate, the repayment term, the deposit that was put down, if any, whether the rate is fixed. the type of mortgage as different types of morgages incurr (sp) different charges and interest rates. p


The big bonus for house owners is property prices are set to rise this year as much as 17%. Bad time to buy really, but a good time to sell if you allready have a minimum of say 10k equity in your house.

Makes a sale worth while and a sensible deposit for your next one.

 

Currently got no mortgage but my split-arse wants a bigger house!

Am I right in assuming a £100,000 repayment mortgate over 25 years would be around £575.00 per month?

 

Provided the mortgage goes through (Natiowide fucking me around at the mo) I should be paying about £450 pm for £76k, fixed 2 year period, 30yr term

But Nationwide are being pricks at the mo, so no doubt I will have to chuck some more money at the deposit

 

I'll never be able to afford a house.

 

Depends on your deposit and lender mate.

Deposit affects your monthly payment and also decides which lender you go with.

The bigger the deposit usually you end up with a more "high street" lender with a better interest rate and repayment scheme.

Time to sell your cossies peeps and clear out garages for deposits...

 

Best bit of advice on here,, and its exactly what ive done!

 

but you then broguht an evo to spunk the money on

 

no mortgage thankfully so no need to sell the escos

are these buy to lets a good idea then?

 

0 atm as havent got a house.


But way things are soon as i can get on property ladder will be 1million a month

 

in the long term i suppose but your not going to get enoguh rent to pay for the mortgauge you might cover half of it. but then you have to maintain the house for the people renting it. And what happens if house prices down when peps cant afford them, people will stop renting and start buying more.

 

I pay £800 a month on a mortgage of £154,000 Just about to move and get a bigger mortgage of about £230,000 so god knows what the repayments on that will be

 

Sorry but that is not right mate.

But to Lets ARE a very good idea.!

Buy-to-lets are self financing therefore a lender will not lend on a buy to let mortgage unless the mortgage is covered.

It has to be 125% loan to value.

Meaning if your mortgage payment is £500 pcm then the rent on the property needs to be £625 pcm, thus this extra covers building insurance, maintenance, boiler etc.

 

Could afford the paymnets no bother but its the deposit im worried about

 

I know its sunday morning but i dont get what your saying there my old china.....

It reads the wrong way round to me

 

A guy at work has one for £225,000! pays £1,080 a month

thats for a 2 bed semi! thats cheap....Houses over here are VERY expensive

should be getting mine next month, £170k also i've saved up a nice deposit thats helped, but will still be hard on me own

 

£0 for me all payed off, but looking for an other house or 2 to buy, do up and rent out

 

Houses over here are expensive yes, but it does depend where you buy. The house I am buying is a 2bed semi, 10yrs old and costs £160k. My bro bought a 3story, 3bed end of terrace for £156k

 

not true round here mate, maby more up north. a 2 bed house your looking at bout 700 a month to rent, now try getting a mortgauge for 700 a month to buy a 2 bed house, no chance.

ps im in dorset, your looking at 180K plus just for a 2 bed.

 

about 300k on a 2nd house.



0k on my house

 

Ryan
thats pocket money to you thought mate

 

I mean in Guernsey in general, a normal 3 bed semi would cost you £320+ Local market (locals only can buy em) Open market add £150k plus on!

 

build them yourself like i do then they are not expensive

 

i pay £750 interest only for 205k
been paying that for 1 year, its a struggle for me and the mrs to keep up with that and thats with no kids yet!
considering moving out of london to norwich where i have other family members living.
ill be chopping 100k off my morgage if i do that. but wont be able to move back to london as prices will always climb more.
looking to do this, january next year hopefully

 

BUK

getting land is a massive problem now!