how much is youre mortgage
#6
Thread Starter
Too many posts.. I need a life!!
Joined: Apr 2005
Posts: 565
Likes: 1
From: south wales
Originally Posted by Chip-3Door
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.
Interest only at 5% a month your 142 grand mortage would be under 600 for example.
Trending Topics
#8
Thread Starter
Too many posts.. I need a life!!
Joined: Apr 2005
Posts: 565
Likes: 1
From: south wales
Originally Posted by Fiecos Dan
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.
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.
#10
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.
£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.
#15
Originally Posted by Neil
time for a shocker
repayment morguage
200.20 per month over 20yrs for 35K
repayment morguage
200.20 per month over 20yrs for 35K
#17
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.
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.
#18
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?
Am I right in assuming a £100,000 repayment mortgate over 25 years would be around £575.00 per month?
#19
Irritating c........
iTrader: (1)
Joined: May 2003
Posts: 21,265
Likes: 147
From: The Dark Side of the Moon...
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
But Nationwide are being pricks at the mo, so no doubt I will have to chuck some more money at the deposit
#21
Originally Posted by Ian@Racetek
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?
Am I right in assuming a £100,000 repayment mortgate over 25 years would be around £575.00 per month?
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...
#23
Originally Posted by maxest
Originally Posted by COMEDY DAN
Time to sell your cossies peeps and clear out garages for deposits...
#26
Originally Posted by K5SSY
no mortgage thankfully so no need to sell the escos
are these buy to lets a good idea then?
are these buy to lets a good idea then?
#28
Originally Posted by rssteve
Originally Posted by K5SSY
no mortgage thankfully so no need to sell the escos
are these buy to lets a good idea then?
are these buy to lets a good idea then?
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.
#30
I've found that life I needed.. It's HERE!!
iTrader: (1)
Joined: May 2003
Posts: 1,397
Likes: 1
From: Blackpool
Originally Posted by COMEDY DAN
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.
Makes a sale worth while and a sensible deposit for your next one.
I know its sunday morning but i dont get what your saying there my old china.....
It reads the wrong way round to me
#31
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
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
#33
Irritating c........
iTrader: (1)
Joined: May 2003
Posts: 21,265
Likes: 147
From: The Dark Side of the Moon...
Originally Posted by Spax
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
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
#34
Originally Posted by COMEDY DAN
Originally Posted by rssteve
Originally Posted by K5SSY
no mortgage thankfully so no need to sell the escos
are these buy to lets a good idea then?
are these buy to lets a good idea then?
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.
ps im in dorset, your looking at 180K plus just for a 2 bed.
#37
Originally Posted by Thrush
Originally Posted by Spax
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
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
#39
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
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