Show your working please :)
Let's assume we're working just on bank of england rate, not a mortgage rate.
2007-01-31 02:12:52 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
assuming 5.25% rate ( you can get better)
approx payment would be £1348 per month
suggest you talk to an independant mortgage broker - they usually don't charge a fee for a chat - but there may be a charge for their advice and dealing with an application - make sure they are independant and not, like most, have access to a limited number of lenders - as believe it or not, not all lenders offer their mortgage deals via brokers
2007-01-31 02:25:08 · answer #1 · answered by sc7534sc 1 · 0⤊ 0⤋
Depends on the type of mortgage. Interest only would be £1,000pcm at the rate of 6%.
2007-01-31 02:21:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
double £k figure, ie; £200k = £400 quid a week, but thats over 25 years at mortgage rate,
shop around for best deal
2007-01-31 02:25:47 · answer #3 · answered by qwerty 3 · 0⤊ 0⤋
As a rough guide using excel payment function , which is,
=pmt((rate/12)(payment years*12)(value)0) it gives £1,348 a month.
So...
=pmt(00.4375,240,200000,0) you then multiply the total by -1 to get £1,348
2007-01-31 02:39:03 · answer #4 · answered by robfowler5 2 · 0⤊ 0⤋
134.77 interest per month
2007-01-31 02:23:06 · answer #5 · answered by footynutguy 4 · 0⤊ 0⤋