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Author about houses
Skinz
Member
Registered: 15th May 03
User status: Offline
28th Dec 03 at 20:40   View User's Profile U2U Member Reply With Quote
problem with 100% mortgages is you pay high interest, i think..
Adam-D
Member
Registered: 11th May 02
Location: Cheshire
User status: Offline
28th Dec 03 at 20:41   View User's Profile U2U Member Reply With Quote
im gonna save a sizable deposit thou as much as poss
say 15k - 25k
leni
Member
Registered: 25th Mar 02
User status: Offline
28th Dec 03 at 20:43   View User's Profile U2U Member Reply With Quote
Got too long to read! Relaistic figure is multiply your annual wage for 2.5 and this is how much the mortgage company will lend you! Me and Rob got a 97% mortgage on our house which totalled £66,930 borrowed! We pay back £350 a month exc the insurance you HAVE TO take out!

We bring in just over £2k a month so we can afford it! The bills ain't bad either!

leni

p.s. our house is a 6 year old 3 bed semi with drive and we paid £69k for it. Not over looked, down a cul-de-sac and on the outskirts of town
mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
28th Dec 03 at 20:43   View User's Profile U2U Member Reply With Quote
Don't think you pay higher interest on 100% mortgage..I had one 10 years or so ago...

Think there was a fee of about £250 for it..But they can just add it onto the mortgage so not paying anything out..
Stuckey
Member
Registered: 5th Jun 02
Location: Plumstead, Greater London
User status: Offline
28th Dec 03 at 22:50   View User's Profile U2U Member Reply With Quote
get a flat or a small house and rent a garge near by
Cole
Member
Registered: 11th Nov 02
Location: eastbourne Drives:zafira sold now a qashqai
User status: Offline
28th Dec 03 at 23:03   View User's Profile U2U Member Reply With Quote
mmmmm cheap house down my way is 150k+ 1 bed flats are 85k+ but i just got a 3 bed house with triple drive big garden for 500 a month rented

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