Mortgage

chowster

Hi,

Anyone know roughly what sort of amount the monthly repayments would be on a 185,000 mortgage on a 245,000 property, we have a 60K deposit.

Willing to consider all the various mortgage deals but would only be interested in capital repayment not interest only and would like to be able to pay lump sums in as well.

Thanks!

MortgageMamma

How long do you want to take the mortgage for?
Can you prove your income?
What is your income?
What is your credit rating like?

I know you only want a rough idea, but these are all BIG factors on what the payments could be

qcvs2000

I have a similar question, I have a mortgage at the moment with 90000 left to pay in 15 years, I would like to drop the amount quckly over the next 4 year and remortgage for an additional 150,000 I currently have 60000 equity in the property. The aim is to get ot 100,000 equity ten re-mortgage for 20 year based on a 30,000 endownment and my pension lump sumpayable at 55. I aim to rent the proprty whilst I am in the military, though it wil be our residence when I am in the country. Does this make sense.

I am current 40 Years old and earn 40k rising to 50kin the near future. My pension lump sum should be 110000k at current pay scales and a pension of either 25k or 33 K depndant on which plan I choose the first plan has a lower year income but has two lump sums one at 55 (110000k) and one a 65 (110000k).

chowster

MortgageMamma wrote: »

How long do you want to take the mortgage for?
Can you prove your income?
What is your income?
What is your credit rating like?

I know you only want a rough idea, but these are all BIG factors on what the payments could be

No problem I'll try and answer the best I can

Want to take out mortage for standard 25 years
Definetly prove our income no problem.
Income is 66k combined with no debt
Credit Rating should be pretty good as never missed a payment on anything

Hope this helps

Thanks

herbiesjp

You should not have any problems with the mortgage.

A mortgage of £185k over 25 years on a repayment basis would come to £1096.64pm (based on a 2 year fixed arte of 5.14%)

HTH

chowster

Thanks for that

Just wanted a rough idea