Approximately what would the monthly repayments be?????
2007-10-10 21:00:57 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Around £600
2007-10-10 21:03:18 · answer #1 · answered by Kenny 6 · 1⤊ 0⤋
Many of the Mortgage Companies have web sites that calculate this for you :-)
I used the BBC one (below) because it came up first on Google ... this gives standard Repayment @ 6% == £814.86 (at 7% = £893.85)
NB. Others have responded with Interest Only Mortgage
(where you only pay the Interest each month & after 25 years they ask for the entire 125k back in one go).
Interest Only Mortgage at 6%, is 125,000 * 6% / 12 = £625 per month.
If you are paying 7%, then it's 125,000 * 7% /12 [= £729]
2007-10-11 04:18:48 · answer #2 · answered by Steve B 7 · 1⤊ 0⤋
Approximately less than £650 per month. This is exclusive of house insurance. This depends upon your the type of scheme your go for too. However I have given you the figure on the higher side presuming your age is less than 35 years at the moment.
2007-10-11 05:22:36 · answer #3 · answered by Raj 4 · 0⤊ 0⤋
it depends on your interest rate. If you are unfortunaste enough to have bad credit rating then your interst rate will typically be higher as you are obviously a "risky" client.
Punch mortgage calculator into google.
While yor there punch in overpayment mortgage calculator and watch what happens if you overpay by just 100 quid a month
2007-10-14 18:01:08 · answer #4 · answered by paul p 1 · 0⤊ 0⤋
Simply multiply 25 by 12. Then divide 125,000 by this number.
= £416.00 per month.
2007-10-11 04:16:17 · answer #5 · answered by Bonnie 4 · 0⤊ 2⤋