Mortgage payments
15 July 2002, 09:33 AM
#3
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I generally find the online area of estate agents round me are crap. Totally inflexible search and very little information.
http://www.your-move.co.uk/html/default.htm has some good information though.
http://www.your-move.co.uk/html/default.htm has some good information though.
You have to prepare for the worst.
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15 July 2002, 10:02 AM
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DJ Dunk - I only pay £408 on a 73k, 25 year repayment mortgage.
Rik - Get a load of quotes online and perhaps a mortgage promise from another company and then go to your bank and ask them to match it.
Stu.
Rik - Get a load of quotes online and perhaps a mortgage promise from another company and then go to your bank and ask them to match it.
Stu.
15 July 2002, 10:02 AM
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Assuming you fix at 5.65% (seems to be the going rate for a 2 year deal):
£60,000 £373.85 (8% £863.09)
£54,000 £336.46 (8% £416.78)
wasn't sure whether you were borrowing £54k or £60k so put both. Budget for 8% assuming base rates go up from 4 to 6 (they are expected to increase towards the end of this year)
Gordo
£60,000 £373.85 (8% £863.09)
£54,000 £336.46 (8% £416.78)
wasn't sure whether you were borrowing £54k or £60k so put both. Budget for 8% assuming base rates go up from 4 to 6 (they are expected to increase towards the end of this year)
Gordo
15 July 2002, 11:44 AM
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Consensus is that base rates will go up a max of 1% - but most now think that no rate rises will occur in the near future, with poor equity markets and inflation staying below the BofE's 2.5% ceiling.
You can get 2-5 yr discount mortgages for about 4-5% - that's why the property market is so hot - money is cheap my man! Work out your repaymen online - most banks have online mortgage calculators on thier sites....reckon on £400ish. Anyone paying £800 for a 60k mortgage
is getting fleeced!
You can get 2-5 yr discount mortgages for about 4-5% - that's why the property market is so hot - money is cheap my man! Work out your repaymen online - most banks have online mortgage calculators on thier sites....reckon on £400ish. Anyone paying £800 for a 60k mortgage
is getting fleeced! 
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