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Cheap Monthly Mortgage Payments... Factors?

dranzer01 · 2014-08-09 21:14:08

What are the causes/factors of having a low monthly mortgage repayment? My friends dad bought a house in south east london for £150,000 approx and the monthly mortgage is only £400 Now I do not know much about mortgages. But what factors are taken into consideration for a mortgage repayment to be so low? Thanks!

Comments

dranzer01 Posts: 427 Forumite

10 August 2014 at 9:21PM

psstoverere wrote: »

The house might have been £150,000 but the mortgage could have been considerably less depending on deposit. I am far more interested in a house in south east London for £150,000 as i am struggling to find a flat in that area for that.

house my friend lives in is just near/off shooters hill road SE3... so you should be able to get something there...

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