2007-08-28 11:31:12 · 6 answers · asked by colin050659 6 in Business & Finance ➔ Renting & Real Estate
The real answer is around £1,041 based on 6%.
Which bank is going to give you 4%? Virtually Impossible.
the way you work it out is this way
£125k x (Interest %) +£125k Divided by 300 months
2007-08-28 22:00:26 · answer #1 · answered by kish 2 · 1⤊ 0⤋
It all depends on the interest rate and whether or not it's an interest only or a repayment mortgage.
Anywhere from around £600 interest only to over £1000 repayment, as i say dependent on the above.
A good place to check out is www.moneysupermarket.com, find a good deal (watch out for product fees!) then go to the bank or building society website you have chosen, they usually have a mortgage calculator, aswell as affordability calculators
2007-08-28 22:14:14 · answer #2 · answered by Mark 1 · 0⤊ 0⤋
about £800
2007-08-28 11:55:57 · answer #3 · answered by manno 2 · 0⤊ 0⤋
At an interest rate of 4% it's £812 per month.
2007-08-28 11:46:24 · answer #4 · answered by GOG 4 · 0⤊ 0⤋
It depends on the interest rate. If you have excel find a template of an amortization schedule to play with.
2007-08-28 11:44:51 · answer #5 · answered by shipwreck 7 · 0⤊ 1⤋
about £800 I think
2007-08-28 11:39:24 · answer #6 · answered by amdby 2 · 1⤊ 0⤋