How much did you borrow for your first mortgage? - Corsa Sport - for Vauxhall and Opel Corsa B, Corsa C and Corsa D

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mikenoncorsa

Member

Registered: 27th Sep 06
Location: Worcester
User status: Offline

3rd Jan 14 at 19:31

House = £205k. Borrowed = £180k. Think we pay circa £990 per month.

fred7

Member

Registered: 17th May 04
Location: Rugeley, Staffordshire
User status: Offline

3rd Jan 14 at 19:31

House was £140k Borrowed £112k pay £532 a month fixed for 2 years with halifax i was FTB as well i know this can make a difference

AndyKent

Member

Registered: 3rd Sep 05
User status: Offline

3rd Jan 14 at 20:30

IMO, borrow over the longest possible term with the option to overpay unlimited.

You then choose how you want to pay it back. Important thing is the interest charged, not the total payment.

pow

Premium Member

Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline

3rd Jan 14 at 21:56

250 house, 150 borrowed. 750 per month

A2H GO

Member

Registered: 14th Sep 04
Location: Stoke
User status: Offline

4th Jan 14 at 00:02

quote:
Originally posted by AndyKent
IMO, borrow over the longest possible term with the option to overpay unlimited.

You then choose how you want to pay it back. Important thing is the interest charged, not the total payment.

Correct, we went over 40 years and overpay by £100 a month.

Gary

Premium Member

Registered: 22nd Nov 06
Location: West Yorkshire
User status: Offline

4th Jan 14 at 00:04

quote:
Originally posted by pow
250 house, 150 borrowed. 750 per month

100k deposit and still 750 pm!

Also 100k deposit! Wish my parents were that generous

Daniel_Corsa

Premium Member

Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline

4th Jan 14 at 00:10

£152k / £117k over 27yrs @ £600pm

April '06' Corsasport Feature Car

| Aug '08' Total Vauxhall Feature Car

| Spring '09' Fast Car Feature Car

dan_m1les

Member

Registered: 8th May 06
Location: Burnham, Buckinghamshire
User status: Offline

4th Jan 14 at 00:35

quote:
Originally posted by Gary

quote:
Originally posted by pow
250 house, 150 borrowed. 750 per month

100k deposit and still 750 pm!

Also 100k deposit! Wish my parents were that generous

Ben G

Member

Registered: 12th Jan 07
Location: Essex
User status: Offline

4th Jan 14 at 01:47

Fucking hell pow, you posh twat!

pow

Premium Member

Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline

4th Jan 14 at 11:06

It's not all my parents, I've been working for 7 years now!!! I'm also on a 20 year term as I don't want to be in a mortgage for the rest of my life.

Member

Registered: 10th Sep 03
User status: Offline

4th Jan 14 at 12:54

£125,100 loan on a £139,000 property and I'll be repaying £652.45 a month over 35 years. It's not the best deal, but it was really the only one on offer to me. It's a little depressing when you see that I'd have to repay £238,000 if I were to stay on this mortgage for the full 35 years; It's a two year term so I'll change when that's up and hopefully get a better deal once some equity has been built up. It seems fairly common for your first mortgage to be expensive/a bit crappy but it should all be worth it in the end

[Edited on 04-01-2014 by ed]

Sean-B

Member

Registered: 1st May 07
Location: Wolverhampton Drives: 200SX S14a
User status: Offline

4th Jan 14 at 13:14

If you overpay does it come straight off the capital?

AndyKent

Member

Registered: 3rd Sep 05
User status: Offline

4th Jan 14 at 13:18

Yes

RichR

Premium Member

Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline

4th Jan 14 at 14:31

I think we owe about £300k - still live in a shithole building site!

Andrew

Member

Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline

4th Jan 14 at 19:07

We owe 192k on both properties currently.

Payment on those is £970 a month. Get £475 rental in off the apartment leaving £495 to pay.

Colin

Member

Registered: 4th Apr 02
User status: Offline

4th Jan 14 at 21:06

Mines was 33k for the 1st mortgage, ended up payin something like £180 a month.

Mortgage free now though.

MarkM

Member

Registered: 11th Apr 01
Location: Liverpool
User status: Offline

4th Jan 14 at 21:13

Still in that house you bought a year of two ago Colin?

Mortgage was 189k on our first house which was at the time worth 233k.

ChazSXi

Member

Registered: 26th Jan 03
Location: Waterlooville, Hampshire
User status: Offline

5th Jan 14 at 16:38

205k borrowed 1109per month

Robbo

Member

Registered: 6th Aug 02
Location: London
User status: Offline

6th Jan 14 at 12:37

£157k iirc, didnt put any deposit down as was a new build and the builder put down 5% for us, though this was back in 2004. over 25 years at about 5% interest and think it was in the rgion of £900-£1100 pcm

SAS-1991

Member

Registered: 6th Mar 08
Location: West Yorkshire
User status: Offline

6th Jan 14 at 22:03

Borrowed 79,000 over 35 years,

Pay 360 p.m

First house too

flybikeslee

Member

Registered: 2nd Jan 07
Location: Liverpool
User status: Offline

7th Jan 14 at 10:06

house 125, depo 30. 95 mortgage. £430 a month fixed for 5 years

Ben J

Member

Registered: 31st Jan 05
Location: Cheshire
User status: Offline

7th Jan 14 at 10:55

House was £150k. Borrowed £120k iirc.

Were paying £750 on a 5 year fixed.

Now paying £550 ish.

[Edited on 07-01-2014 by Ben J]