We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage quote..
donnacraig1984
Posts: 137 Forumite
got this qoted to me on 60% shared equity.
I have made a calculation and affordability assessment based on the information you gave me.
1) The mortgage would be £76,500 over 25 years.
2) 100%
3) The two loans mentioned in your enquiry form for a total of £530 per month would be paid off before the mortgage starts.
4) Some past adverse credit.
£76,500 is possible. The repayments would be £743 per month for the firs 12 months, then £855 per month thereafter.
100% is acceptable as is the past adverse credit (no further adverse credit in the last 6 months)
Please let me know if you would like a full quote and illustration.
Regards
what sort of interest rate is this.
wont be going for it. if i did i would be better taking my pants down and taking it like a man.:rotfl:
I have made a calculation and affordability assessment based on the information you gave me.
1) The mortgage would be £76,500 over 25 years.
2) 100%
3) The two loans mentioned in your enquiry form for a total of £530 per month would be paid off before the mortgage starts.
4) Some past adverse credit.
£76,500 is possible. The repayments would be £743 per month for the firs 12 months, then £855 per month thereafter.
100% is acceptable as is the past adverse credit (no further adverse credit in the last 6 months)
Please let me know if you would like a full quote and illustration.
Regards
what sort of interest rate is this.
wont be going for it. if i did i would be better taking my pants down and taking it like a man.:rotfl:
0
Comments
-
Who has quoted you this?
They should've sent you a KFI (key facts ilustration) which would include the interest rate.
Shoddy.0 -
Its a broker who deals in shared equity mortgages. its not a full quote and illustration, its an affordability assesment (spelling) and calcualtions on my incomings and outgoings. Dont want one if thats the repayments.
Craig0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards