What can we expect to pay back?

denyse_marston

Hi,

We took out a £180K mortgage in Jan 2005 (business mortgage over 15 years) our repayments are 1800 per month and we have not reduced our payments when the interest rates changed, what I was wondering was if anyone knew roughly about how much we would have to repay if we sold now.

Thanks for any help.

tyllwyd

The best way to find out would be to ring the mortgage company and ask them.

sonastin

Have you been setting GCSE and A-level exam papers? Your question omits vital information which is necessary to be able to answer it:
i.e. the interest rate (what it started at, what it has changed to and when for every change that it has undergone)

As twllwyd says, your mortgage lender is best placed to be able to tell you.

jc808

Can anyone tell me what colour of underwear im wearing?

PasturesNew

jc808 wrote: »

Can anyone tell me what colour of underwear im wearing?

None. It's the Internet and you're only here so you can quickly cover the !!!!!! websites with something that looks grown up and sensible if your mum walks into your room.

denyse_marston

Yes, I have written to them asking for a settlement figure but was really just chancing anyone might have had a rough idea, I personally do not follow the interest rates very closely.

No I do not set exam papers and I couldn't care less what colour underwear anyone wears, sorry for asking!!

PasturesNew

I guesstimate that after 6 years you'd owe £135k. Based on 15 years, 9%, repayment.

Fiddle with the figures here: http://www.tigertom.co.uk/ttcalc/mortgage.php?loan=180000&downpayment_percent=0&year=15&interest_rate=9&currency=%A3&amortization=on&periodicity=12&action=Calculate