Does anyone know roughly what I would be paying back per month on a mortgage of £125k. This would not be a 100% mortgage, as I have a deposit of 10% - the total amount borrowed would be £125000
2006-07-12 07:04:14 · 6 answers · asked by chazza 2 in Business & Finance ➔ Personal Finance
UK only please
2006-07-12 07:23:53 · update #1
Looking for a 30 year mortgage
2006-07-12 07:42:52 · update #2
Depends on the rate of interest you're paying, but roughly £700.
For guidance play around with
http://www.bbc.co.uk/homes/property/mortgagecalculator.shtml
but note it only goes up to 25 years (the former maximum for a normal mortgage)
This is based on repayment - steer clear of interest only mortgages. To find out about the different kinds have a read of
http://www.tescofinance.com/personal/finance/smarter_money/borrowing/repay.html
2006-07-12 08:06:47 · answer #1 · answered by MRSA+ 3 · 3⤊ 0⤋
If you have deposit cash then you have a greater number of products to choose from. Mine is under £600 for £95000 loan. Unfortunately I have lost the early bonuses that made this deal so attractive in the first place and has caused my expenses to rise. Wish I had been a bit more careful about that.
If you go into an estate agent they usually have a mortgage consultant in their offices who is supposedly not part of their business. Use them to get some free info on the subject. You can always shop around and get several opinions.
2006-07-12 14:13:01 · answer #2 · answered by nobelow 2 · 0⤊ 0⤋
Depends upon the interest rate and the amount of years on the mortgage
2006-07-12 14:30:37 · answer #3 · answered by ps2754 5 · 0⤊ 0⤋
I'm paying about £470 pm on £75.5k over 20 years.
I'd guess (and it is only a rough guess) that over 30 years if you can get a rate in the low 4%'s then you'll be paying around £600 pm.
2006-07-12 14:50:06 · answer #4 · answered by sirdaz_uk 3 · 0⤊ 0⤋
Calculations on interest only - 25 yrs - if the property is £125k and you put in 10% (12,500) on a rate of 5.09% (clean credit) your monthly payment would be £477.19
2006-07-13 09:43:30 · answer #5 · answered by MSMORTGAGE 3 · 1⤊ 0⤋
Not enough info i'm sorry, you don't specify a timeline, not where you live (rate interests are different in Europe/Usa), and what mortgage method would be applied in this matter, french, holand one? there are many more..
2006-07-12 14:09:47 · answer #6 · answered by aixisou 2 · 0⤊ 0⤋