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FTBers - how much are your mortgage payments?

useless
useless Posts: 404 Forumite
in Mortgages & endowments
Out of interest, I wondered how much everyone took as their monthly payments when they first bought their house?

assuming they bought within the last 5 years or so...

Pure nosiness!
«1

Comments

  • meds12_2
    meds12_2 Posts: 250 Forumite
    2009: 85% LTV, repayment mortgage fixed at 5.84% for 3 years, monthly repayment = £780. However we overpay by £100 per month in order to pay it off early / not risk losing the house if one of us were to be made redundant. Could rent a similar house for about the same in local area. Best thing is: we love it!
  • AbbieCadabra
    AbbieCadabra Posts: 1,714 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    (not mine, but someone i know)

    2010, 100% mortgage, repayment fixed for 3 years at 5.99%, £560 per month
  • somethingcorporate
    somethingcorporate Posts: 9,449 Forumite
    In 2007 my wife and I took out 90%, 3 year fixed @ 5.69 with Skiptons which was £1,100 per month. Overpaid by about £500 a month and just managed to remortgage at 75% LTV 5 year fixed at 4.75% with the Post office.

    Good times!
    Thinking critically since 1996....
  • bobbadog
    bobbadog Posts: 1,606 Forumite
    we were FTBs in 2009 - got a £162k mortgage (purchase price £179950), 90% LTV, Britannia, 4.64 fixed, £806 a month / £846 with insurances
  • Brallaqueen
    Brallaqueen Posts: 1,355 Forumite
    edited 26 May 2010 at 10:47AM
    Just me, no partner, for a two bed flat £75k

    FTB Jan 2010, 90% LTV , 7.29% fixed for 3 years.

    £450 pcm, looking to overpay as soon as I can.

    I think I got screwed :rotfl:
    Emergency savings: 4600
    0% Credit card: 1965.00
  • poppy_f1
    poppy_f1 Posts: 2,637 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 26 May 2010 at 10:56AM
    just bought (well sign the missives today) and mines will be 208 a month 40% LTV fixed for 2 years

    edited to add i only borrowed 40K
  • flimsier
    flimsier Posts: 799 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    75% LTV taken out in Dec. Three year tracker. Can't remember other details. Borrowed £177,500 - payments are a bit over £800.
    Can we just take it as read I didn't mean to offend you?
  • SimbaSimon
    SimbaSimon Posts: 810 Forumite
    Part of the Furniture Combo Breaker
    useless wrote: »
    Out of interest, I wondered how much everyone took as their monthly payments when they first bought their house?

    assuming they bought within the last 5 years or so...

    Pure nosiness!

    November 2007 @ 5.09% at 95% LTV, £609 for 2 years.

    Now variable at 2.5% (and overpaying a bit) :D
  • Lilium
    Lilium Posts: 184 Forumite
    100 Posts Xmas Saver!
    Bought in May 2008...90% LTV (borrowed around £125K), repayment, fixed for 25 years (though ERC period ends after 10 years) 5.79%, monthly payment is £791.
  • maddapple
    maddapple Posts: 55 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    My wife and I bought our first house 3 years ago for £225k on a 100% mortgage. We overpay by about £250 per month and pay a total of £1500.

    The overpayment is really making a difference.
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